EOG Exec Keen on ‘Extremely Attractive’ Natural Gas, Pegging Long-Term Prices at $4.50

EOG Resources Inc., which has staked out production zones across the Lower 48 and beyond, remains “extremely constructive” on the future of natural gas, according to COO Jeffery Leitzell.

The EOG operating chief in June spoke at the J.P. Morgan Energy, Power, Renewables and Mining Conference. He told the audience all signs are pointing up for global natural gas.

More LNG capacity will be “coming on over the next couple of years, along with the power generation demand that’s going to be out there,” Leitzell said. “We see somewhere between 4% and 6% compound annual growth rate for natural gas demand through the rest of the decade. So it’s very robust.”