How Has the Decline in Natural Gas Prices Affected Range Resources?

Due to the continuous buildup in natural gas (UNG) (UGAZ) inventories in the US, natural gas prices have been in a steep downtrend. Higher production levels from natural gas producers and weak demand during the recent mild winter have dragged down natural gas prices even further.Meanwhile, the lower-for-longer trend in natural gas prices we’ve seen in the past two years has driven natural gas to decline by ~72% and has taken its toll on producers. Remember, when natural gas prices are in decline, cash margins for natural gas producers feel the burn.

Source: Inside Range Resources’ Production Volumes – Market Realist

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