Ryan Purpura Comments on Potential Natural Gas Rebound in The Wall Street Journal

March 28, 2020

The Wall Street Journal quoted McGuireWoods partner Ryan Purpura in a March 25, 2020 story on why investors are showing renewed interest in Appalachian natural gas assets.

“The flight to safety is to gas,” said Purpura, leader of McGuireWoods’ energy industry team and a member of the firm’s COVID-19 Response Team.

While the coronavirus pandemic has roiled global markets and natural gas prices recently hit a 25-year low, the Journal reported that the outlook for natural gas is good. Analysts are forecasting short supplies next year unless companies resume drilling, the paper reported. The story attributed investors’ interest to an oil-price war and reduced demand for transportation fuels because of the COVID-19 outbreak.

Purpura said deals for Appalachian gas assets dwindled last year as prices plummeted. Now, he said, big investors are showing renewed interest and returning to negotiating tables.

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