After years of stagnant production and prices, growth prospects have again emerged in the Appalachian Basin that could revive the kind of activity that characterized the region when it ascended during last decade’s unconventional drilling boom.

Line chart titled “NGI’s Appalachia Regional Key Forward Basis Curves” showing forward natural gas basis prices in dollars per MMBtu for major Appalachian hubs from December 2025 through January 2028. Curves for Columbia Gas, Dominion South, Millennium East Pool, Tennessee Zone 4 Marcellus, TETCO M2 30 Receipt, and Transco-Leidy Line all trade at negative basis to Henry Hub, with the deepest discounts occurring around fall 2026 and fall 2027, followed by seasonal strengthening into winter months. Source: NGI’s Forward Look.

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At A Glance:

Production stuck near 33 Bcf/dRegional prices trail Henry HubProduction guidance climbing ahead of demand