Permian Oil Drilling Locks in Stubborn Natural Gas Supply, Regardless of Price

The EIA expects natural gas production to rise through 2027, with associated gas volumes growing as higher crude prices support more drilling. Permian producers chase oil economics, not gas signals. This means associated gas flows whether Henry Hub is $2 or $4, creating a supply floor that resists the weakness spot prices suggest. Gas prices cannot cut off a supply stream driven by crude, not methane margins.