Shale drillers try to stay patient amid gas price slump
Producers resist urge to respond too quickly to gas price trends
US shale drillers are keeping their plans unchanged for now as they ride the peaks and troughs of gas price volatility. Prices spiked last year in the wake of Russia’s invasion of Ukraine but have since dropped back to pre-war levels, and analysts question whether the industry has learned lessons from the past—when quick responses to price changes have left producers playing catch-up. Certainly, the industry remains sensitive to price signals, and further fluctuations will shape how gas drilling plays out over the remainder of 2023 and beyond. Various other factors will also have an impact on behaviour, however, including how companies are structured and what their asset mixes look like. Whi
![](/images/white-fade.png)
Also in this section
26 July 2024
Oil majors play it safe amid unfavourable terms in latest oil and gas licensing bid rounds allowing Chinese low-ball moves
25 July 2024
Despite huge efforts by India’s government to accelerate crude production, India’s dependency shows no sign of easing
24 July 2024
Diesel and jet fuel supplies face a timebomb in just four years, and even gasoline may not be immune
23 July 2024
Rosneft’s Arctic megaproject is happening despite sanctions, a lack of foreign investment and OPEC+ restrictions. But it will take a long time for its colossal potential to be realised