Economics

‘No White Knight Coming’: Distressed Natural Gas Producers Hunker Down Amid New Energy Reality

‘No white knight coming’: Distressed natural gas producers hunker down amid new energy reality

Four months ago Michael Binnion had plans to virtually quadruple his company’s natural gas production and drill wells in its Montney land over the next two years. But as natural gas prices have collapsed, so too have his expansion plans. “We cancelled all of that. We are cutting all discretionary spending,” the president of junior company…