Operators reducing operating expenses to match price downswing

Natural gas production has continued to rise over the last nine years, steadily pushing down the price of natural gas at Henry Hub, and putting increasing pressure on companies’ cash margins. The above chart looks at five companies in the Marcellus, illustrating the downward trend in Henry Hub prices and cash margins as production increases. The five companies tracked in EnerCom’s analysis are Cabot Oil & Gas (ticker: COG), Encana (ticker: ECA), EQT Corporation (ticker: EQT...


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