Haynesville, Permian gains lift output to 92.7 Bcf/d Henry Hub balance-2021 curve falls below $3/MMBtu Forwards, futures markets shrug off storage risk A rapid recovery in output from shale basins hard hit by the mid-February freeze lifted US gas production to an 11-month high Feb. 26, dampening recent forward-market bullishness at the Henry Hub. Estimated at over 92.7 Bcf/d on Feb. 26, domestic production has staged a stunning recovery over the past 10 days, climbing nearly 18 Bcf/d to its highest level since late March 2020, data compiled by S&P Global Platts Analytics showed. The rebound has come principally from Texas, thanks to the Permian and Texas portion of the Haynesville. Production from the greater Haynesville has more than doubled from its Feb. 18 low, edging into the upper 12 Bcf/d range – now above its […]