The outlook for Haynesville gas production appears to be turning around this month as Henry Hub prices continue to rally above the critical $2 threshold and recent declines in drilling activity level off. In August, cash prices at the Henry Hub are averaging $2.01/MMBtu, up about 19% compared to $1.69/MMBtu average last month. On Aug. 11, the spot market was down just a penny to $2.14/MMBtu preliminary settlement data from S&P Global Platts showed. Balance-2020 forwards prices are also up sharply in August, averaging $2.45/MMBtu. With winter gas prices now trading near, or even above $3 for some calendar months, many producers in the Haynesville could expect […]