Bryan Rusin

We must not cease from exploration and the end of all our exploring will be to arrive where we began and to know the place for the first time. ~ T.S. Eliot

[NYSE 🏛 @NYSE]

WhiteHawk Minerals Corp. is turning natural gas in the ground into prosperity above it.

Welcome to the NYSE Community 🙌 $WHK

[NYSE 🏛 @NYSE]

The NYSE welcomes WhiteHawk Minerals Corp. to celebrate its IPO! $WHK https://t.co/vzWNpano3h

[David Heikkinen @heik_energy]

Most companies are using AI to make the current org chart a little more efficient. I think that misses the bigger opportunity.

#AI #Energy #OilandGas #Leadership #Operations #ArtificialIntelligence

https://t.co/h9kMeCG7nW

[Daniel Herz @DanielHerz3]

Qatar Dethroned As 'LNG King' As U.S. Seizes Throne, Reshaping Future Of Gas | ZeroHedge

The significance of this shift cannot be overstated. #EFT #NaturalGas #LNG https://t.co/HmM6645pX9

[Bryan Rusin @Bryan_Rusin]

@JeffNadu So…… who’d you vote for president?

[Daniel Herz @DanielHerz3]

Enjoy this deep dive into energy, minerals and royalties. Big thank you to Ben West and Pragma. I think you will like this one!!! #EFT #NaturalGas #LNG

The Energy Pragmatist: Interview with Daniel Herz, Chief Executive Offic... https://t.co/vf7wLfFSr8 via @YouTube

[Daniel Herz @DanielHerz3]

WhiteHawk Energy to Acquire Natural Gas Mineral and Royalty Interests Across 150,000 Gross Unit Acres in the Core of the Haynesville Shale #EFT #NaturalGas #LNG - https://t.co/hSO4b9HXIj

[Daniel Herz @DanielHerz3]

It is important for those who follow #naturalgas to consider the medium-term impact of the significant storage drawdowns that are coming (driven by the very cold weather), and the impact on natural gas pricing over the next 12-24 months.
First, some background. Less than four weeks ago, the January natural gas contract settled at about $4.60. Then, very early in January, the February contact fell to as low as about $3.00 per mcf. This was driven by higher-than-expected production growth (114 bcf/d vs. 108 bcf/d in October). The demand side had been robust with #LNG exports reaching 20 bcf/d, up from 13 bcf/d in 2024. Until this week, winter heating had been relatively light, but not terrible. It was production growth that was putting a damper on natural gas prices.
Now, with extreme cold weather across the country, we have a couple of significant issues. First, "freeze offs," where oil and gas wells do not produce at their full production levels, which will cause over 50 bcf/d less of production. The second factor is the significant amount of natural gas that will be used to heat during this period. These two primary factors will drive storage levels down, which means we will likely end the storage withdrawal season in March at levels consistent with the 10-year average.
The short-term factors of "freeze offs" and heating demand are not what will likely drive medium-term pricing. The reality that we require a sustained 7 bcf/d more natural gas production for LNG exports plus the increasing power demand from natural gas for #AI and #datacenters will likely drive prices higher. To put some numbers to natural gas fired power demand, we expect 7 GW of natural gas fired power to come online this year and in 2027, and then 10 GW of power to come online in 2028. This timeline take into account manufacturing constraints for turbines.
Finally, when looking at the forward price of natural gas in 2027, 2028 and 2029, prices over the last month are relatively flat at a benign $3.75 or so. The major issue with these forward price levels is that they do not incentivize producers to drill and produce new wells, driving production above current levels. While we will get some additional volumes out of the Permian, it is not enough to meet the expected demand.
So, as a result of the current cold weather, and where storage levels will likely end the withdrawal season, it seems reasonable to expect medium-term pricing to move a bit higher to incentivize producers to increase production. My fear is that if prices do not move higher, production will not increase, and we end up short the natural gas we need for heating, manufacturing, AI and data centers, and LNG. This scenario would create periods of further volatility, a scenario, we may be facing. #EFT #LNG

[Bryan Rusin @Bryan_Rusin]

@HunterHodies Washington gave us a 2nd for Beauvillier and New Jersey gave us a 3rd for Cody Glass. You’re telling me you wouldn’t trade Beauvillier, Glass, and Heinen for Chinakhov? Let’s not try to overvalue draft picks. This isn’t the Pittsburgh Pirates.

[Bryan Rusin @Bryan_Rusin]

@DannyShireyPGH Washington gave us a 2nd for Beauvillier and New Jersey gave us a 3rd for Cody Glass. You’re telling me you wouldn’t trade Beauvillier, Glass, and Heinen for Chinakhov? Let’s not try to overvalue draft picks. This isn’t the Pittsburgh Pirates.

[Daniel Herz @DanielHerz3]

Merry Christmas and happy holidays! It has been an incredible year for WhiteHawk! I am so grateful for all of my colleagues, partners, and all of the special people who have helped build WhiteHawk. We have accomplished a lot together, but our biggest and best days are ahead! #EFT #NaturalGas #LNG

[Daniel Herz @DanielHerz3]

Thank you Tim for having me on the Minerals and Royalties podcast to discuss natural gas supply / demand factors and - WhiteHawk: Where Are We Getting 5 BCF a Day? - YouTube #EFT #naturalgas #LNG https://t.co/OZphJKY9I3

[Daniel Herz @DanielHerz3]

For those who would like some weekend listening. #EFT #NaturalGas #LNG https://t.co/HxfFtQSaFW

[Bryan Rusin @Bryan_Rusin]

@PaulZeise If only we could go back to the “best management team in baseball”

[Bryan Rusin @Bryan_Rusin]

@MarkMaddenX If they have to bring in replacement players, the Pirates will already have a roster.

[Bryan Rusin @Bryan_Rusin]

@MarkMaddenX Fanbase is angry and attendance may drop lower…. Quick, let’s distract them with a bobblehead and local celebrity. ~ Bob Nutting.

[Bryan Rusin @Bryan_Rusin]

@KodyDuncanPGH The Pirates don’t operate to get the best player…. They operate to save money. Once you realize the fallacy in your logic, your head will begin to pop out of your ass.

[Bryan Rusin @Bryan_Rusin]

@KodyDuncanPGH When have the Pirates ever made a trade based on supply and demand and not based on saving money. Delusional post as usual.

[Bryan Rusin @Bryan_Rusin]

@TonyPaul1984 How many bananas though? Like a 6-pack.

[Bryan Rusin @Bryan_Rusin]

@KodyDuncanPGH Cool man…. Now go wait for your bobblehead