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Oil Price Pain Natural Gas Market’s Gain as Supply-Demand Imbalance Looms, Says EQT CFO

Natural Gas Intelligence · last updated

The U.S. natural gas market remains structurally bullish despite near-term macroeconomic tumult and a collapse in oil prices, according to EQT Corp. CFO Jeremy Knop.

NGI's Tetco M2 natural gas forward basis price

Knop spoke to NGI recently after EQT reported first quarter earnings. CEO Toby Rice called the results some of the strongest in company history.

As oil-weighted producers trim guidance and shed rigs amid cratering crude prices, gassy operators such as EQT – the leading publicly-traded U.S. gas producer, per NGI calculations – have maintained a positive outlook for the heating and power generation fuel.