Heavy hedging has cost US gas producers in 2021
Comstock Resources looks to offset hedging losses
Less supply hedged into next year should help drive company revenues if global gas demand stays strong
The past year has showcased the difficulties of making hard and fast predictions, not least about price. For oil and gas operators, the pandemic triggered a scramble to hedge production and safeguard company balance sheets. But with commodity prices now booming, many firms may be regretting moving so quickly. Gas producers are particularly feeling the financial effects of locking in the bulk of their supply. Spot prices have soared in recent months. And in the US, many domestic firms reported hedging losses in the first half of the year, with the trend looking set to continue through the second half of 2021. 70pc – Hedged supply H2 2021 Haynesville and Bossier-focused gas operator
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