Goldman Sachs reports that US natural gas production shows signs of price sensitivities

Goldman Sachs stated in a Tuesday note that U.S. Natural?Gas production shows signs of price sensitivity, as Henry 'Hub prices have risen above $3 per million British Thermal Units this week for first time since March.

Bank of America believes that the continuing signs of U.S. dry-gas?production price sensitivity are the most important, because they will 'impact how the market navigates a decline expected in?U.S. Gas balances until 2027.

Goldman says that Haynesville's production growth slowed down this year, indicating producers are sensitive to prices. Production?declined by 200 million cubic foot per day (mmcf/d), compared with December 2025 levels.

Goldman Sachs stated that "while there is ongoing maintenance affecting production, it tends to affect early summer volumes last year as well."

The bank reports that despite this, Haynesville's rig count increased in the first quarter of this year, which indicates that more wells could be online by the fourth quarter.

Goldman also expects the associated gas production in the Permian basin to increase significantly this winter, due to the addition of a 4.5 billion cubic feet of additional pipeline capacity during the second half 2026. (Reporting from Pooja Menon, Bengaluru).

(source: Reuters)