Measured Depth

Gas demand growth hasn’t picked up yet

Weak gas-fired generation means modest demand growth even as LNG projects ramp up — but both sectors accelerate from 2028

Oct 6 • Amber McCullagh

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September 2026

After Plaquemines and record heat, Southeast gas stays tight until spring

Storage is drained, coal can’t ramp further, and pipelines into the region are full — leaving basis exposed to spikes through winter

Sep 29 • Amber McCullagh

10

Whose problems would Seneca solve?

As Appalachia returns to growth, Seneca’s inventory is most valuable to companies staring down early-2030s declines

Sep 22 • Amber McCullagh

4

Finally, gas combined cycles in West Virginia

Dominion’s Mt. Storm anchors TC Energy’s Appalachia Supply Project, tightening TCO Pool

Sep 15 • Amber McCullagh

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2Q26 earnings: Which shipper wants MVP Southgate early?

MVP Southgate volumes back off eastbound flows at Transco Station 85, with Southeast demand upside limited by combined-cycle capacity

Sep 8 • Amber McCullagh

3

2Q26 earnings: Which FT could Antero drop?

Antero’s lowest-rate path to the Gulf Coast — on Columbia Gas/Gulf — also expires first and thus would provide the most immediate FT savings

Sep 1

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August 2026

2Q26 earnings: Mapping Antero's East Side Express

What the likely route says about the company's plans to fill capacity out of Sherwood/Smithburg

Aug 25 • Amber McCullagh

5

The Solutide FID doesn't have to mean 16 Bcfd of Permian growth

If this project is so sorely needed, why aren't two of WhiteWater's Matterhorn JV partners participating?

Aug 18 • Amber McCullagh

10

Apex production is set to rise sharply (again) this winter

Citadel's Haynesville E&P is bringing trader thinking to upstream operations

Aug 11 • Amber McCullagh

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11

Twin Eagle gives Expand the scale to profit from gas volatility

But capturing that upside takes more risk appetite than the company has yet shown

Aug 4 • Amber McCullagh

9

July 2026

The credible gas-bull case

Haynesville drilling this year has moved even my mid-$4s Henry Hub view lower

Jul 28 • Amber McCullagh

16

Who's driving US gas growth? Increasingly, companies that won't tell you

A rig- and frac-based approach to projecting where production is headed

Jul 21 • Amber McCullagh

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