Natural gas is at $2.79/MMBtu, down from a high of $3.21 a few weeks ago, but up from a low of $2.64 a few days ago.

Gas storage is 1,970 Bcf, a little higher than last year’s 1.844 BCF, and a little higher than the five-year average of 1,862.

Drilling rigs are 545, down from 553, but up from a low a few weeks ago of 543.

The Marcellus/Utica area produced more natural gas than any other area of the United States in 2025.

Shell says that global LNG demand will rise by 54% by 2040.

There’s more demand for oil from the U.S. because of the Iran War, but shale drilling is unlikely to provide a quick response. The Permian Basin is constrained by pipeline capacity (you can’t build pipelines in mere months) and other basins have about a five-month turnaround time. Also, none of the producers start drilling new wells when a temporary market disruption occurs, and the Iran war is likely to be temporary, at least when looked at from a driller’s perspective.

The Trump administration has waived the requirements of the Jones Act for sixty days. This should reduce the price of LNG shipments between U.S. ports.

Iran’s attacks on Qatar have destroyed 17% of that country’s liquid natural gas production for the next five years. That’s going to drive up demand for U.S. LNG.

With the war in Iran, oil prices are going up and are expected to stay up.

EQT thinks that by 2030, demand for gas from the Marcellus/Utica region will increase by 6-7 Bcf/d. The trouble for West Virginia is that we really need more pipelines heading out, or even better, additional value-added industry inside the State.

Natural gas prices are on the rise as well, and speculation is that fertilizer prices will rise, leading to a rise in food prices.

Here’s an article about H.B. 5381, which provides some substance to the West Virginia Governor’s 50 by 50 initiative.

Microsoft has signed a letter of intent to take 1.4 gigawatts of power from Nscale, the company building a power plant over in Mason County, WV.

I’ve labored under the delusion that America’s refineries couldn’t refine American crude oil because the refineries were designed to use a heavier crude oil than we produce. Turns out that’s not the case. Our refineries can use American crude, it’s just not as efficient, either in the refining process or the economics.

Oil prices are above $110/bbl.

Antero sued a local gas transmission company, Stonewall Gas Gathering, for $200 million and won a dollar.

OPEC+ has agreed to increase production by 206,000 barrels per day in May. This will not even come close to offsetting the 20 million barrels per day that flow through the Straits of Hormuz.

A ceasefire between the U.S. and Iran has led to a quick drop in oil prices.

There is excellent news from Libya! Both ruling parties have come together to create a unified budget for the first time in over a decade. This could be the beginning of stability for the poor Libyan people, which would also lead to consistent oil production from the country.

MSN put together a good bullet point read of Antero’s Earning’s Call transcript.