Natural gas is at $2.96/MMBtu, up from a low of $2.52 at one point in the last month.

Gas storage is at 2,290 Bcf, a little above last year’s 2,239 Bcf, and above the five-year average of 2,150 Bcf.

Drilling rigs are at 551, up from 543 last month.

The first cargo of LNG from the Golden Pass liquefaction plant is about to be loaded.

Arsenal Resources is marketing itself for $1.5 billion. Word on the streets is that Antero is looking at buying them, but it’s early and there could be others interested.

Both the blockade and the ceasefire have been extended in the Iran war.

The Wolf Summit Energy facility in Harrison County is officially under construction. It’s the first new natural gas power plant in West Virginia since the Marcellus shale boom began almost two decades ago. Others have been proposed, only to be scuttled by the coal industry. This is an important step for West Virginia.

EQT has funded the Petroleum and Natural Gas Engineering lab at WVU, with a ribbon cutting taking place on April 17, 2026.

The United Arab Emirates is withdrawing from OPEC+. Here are some opinions about what this means for the future of OPEC+.

Here is Expand’s 1Q26 Earnings Call transcript.

Here is Antero’s 1Q26 Earnings Call transcript.

You can find EQT’s 1Q26 Earnings Call transcript as a .pdf on this page.

You can find CNX’s 1Q26 Earnings call transcript here.

This is interesting. Equinor challenged a severance tax calculation by the State of West Virginia that dealt with the definition of gross proceeds. Equinor won, and the opinion seems to say that gross proceeds gets calculated at the point of sale. In this case, Equinor sold gas to MarkWest at the point where the gas entered the MarkWest plant, but MarkWest got to deduct the costs of turning the gas into plant products before paying Equinor. There’s a good chance this is going to affect royalty owners.

Hog Lick has been looking at doing a hydrogen plant in Marion County. Since the federal government isn’t promising to pay for hydrogen development any more, Hog Lick has been forced to pivot. They’re now thinking about building a data center. They already have the land, and they’re considering using geothermal cooling (the flooded Krissy Coal Mine) to handle the heat that data centers create. It will be interesting to follow this.

A Senator from Oklahoma is pointing out that we need more pipelines. Well, he’s arguing mainly for easier permitting, but it’s for oil and gas infrastructure and that includes pipelines.

Energy production in the U.S. in 2025 set a record at 107 quadrillion BTUs, an increase of 3.4% over 2024. Most of that increase was from natural gas, NGLs, and oil.

The Strait of Hormuz is still in limbo, as are peace talks. The result? High prices at the gas pump. I really wish Congress would step in and either stop military action or declare war. Letting a President do what he wants sets bad precedent.

Here’s some analysis of how the Iran war has affected global oil markets.