Why Cheap Natural Gas Won't Stop Drillers From Pumping More

Why Cheap Natural Gas Won't Stop Drillers From Pumping More

Oil drilling in the Permian Basin produces natural gas as a side effect. But drillers chase oil prices, not gas prices, so falling gas costs won't slow them down. That means more gas keeps flooding the market regardless—driving prices lower and straining storage and pipeline space, just as happened in 2019–2020.

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