Reported 4 days ago
U.S. natural gas producers are increasingly targeting the Haynesville shale basin in Louisiana as President Trump's liquefied natural gas (LNG) initiatives create new opportunities. The basin, favored for its lower impurity gas, is poised for growth as demand for U.S. LNG is predicted to reach record highs. While investment firms are raising funds to secure mineral rights in the area, producers remain cautious following previous market fluctuations, knowing the breakeven costs and market conditions must be favorable before ramping up production.
Source: YAHOO