Expand Energy Cuts Rigs as Natural Gas Supply For Now Outpaces Demand Growth
Published . Updated .
This report is about natural gas and oilfield services.
Directly affected
- EXE Expand Energy+3.7% 30d
Named in this report.
Indirectly affected
- UNG United States Natural Gas Fund-7.8% 30d
United States Natural Gas Fund: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story.
- XLE Energy Select Sector SPDR+6.2% 30d
Energy Select Sector SPDR: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story.
- OIH VanEck Oil Services ETF+2.0% 30d
VanEck Oil Services ETF: it holds drilling and oilfield-service firms. Linked by “rigs” (oilfield services) in this story.
- LNG Cheniere Energy+10.3% 30d
Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story.
- EQT Eqt+5.7% 30d
Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story.
- KMI Kinder Morgan+4.2% 7d
Kinder Morgan (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story.
- WMB The Williams Companies
The Williams Companies (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story.
- SLB Slb N.V+3.2% 30d
Slb N.V (oil and gas field services): drillers get more work when oil companies spend more. Linked by “rigs” (oilfield services) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| EXE | +1.50% | +2.69% | base | -1.19% | after close | after close | after close |
| UNGNo price data for this ticker | — | — | — | — | — | — | — |
| XLE | -1.29% | +1.72% | base | -0.04% | after close | after close | after close |
| OIH | -7.82% | -1.54% | base | -0.49% | after close | after close | after close |
| LNGNo price data for this ticker | — | — | — | — | — | — | — |
| EQTNo price data for this ticker | — | — | — | — | — | — | — |
| KMINo price data for this ticker | — | — | — | — | — | — | — |
| WMBNo price data for this ticker | — | — | — | — | — | — | — |
| SLBNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Expand Energy Cuts Rigs as Natural Gas Supply For Now Outpaces Demand Growth Natural Gas Intelligence
Source: Natural Gas Intelligence
How far United States Natural Gas Fund (UNG) has moved since 29 Oct 2026
| Company | When | Move | Status |
|---|---|---|---|
| EXE | that day | -1.19% | still updating |
| EXE | three days earlier | +2.69% | final price |
| EXE | five days earlier | +1.50% | final price |
| Vaneck Vectors Etf (OIH) | that day | -0.49% | still updating |
| Vaneck Vectors Etf (OIH) | three days earlier | -1.54% | final price |
| Vaneck Vectors Etf (OIH) | five days earlier | -7.82% | final price |
| Select Sector Spdr Tr (XLE) | that day | -0.04% | still updating |
| Select Sector Spdr Tr (XLE) | three days earlier | +1.72% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | -1.29% | final price |
Trades by members of Congress and officials in the stocks in this story
- Donald J Trump, an executive branch official, bought Expand Energy (EXE), worth $100,001 - $250,000 on 21 Aug 2026. That is 69 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Eqt (EQT) (held by a spouse), worth $1,001 - $15,000 on 27 Aug 2026. That is 63 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Eqt (EQT), worth $1,001 - $15,000 on 17 Aug 2026. That is 73 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Eqt (EQT) (held by a spouse), worth $1,001 - $15,000 on 14 Aug 2026. That is 76 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold Kinder Morgan (KMI), worth $1,001 - $15,000 on 31 Jul 2026. That is 90 days before publication. Filed 22 Sep 2026. View the filing.
- Sen. Alan Armstrong sold Williams Companies (WMB) (jointly held), worth $250,001 - $500,000 on 8 Sep 2026. That is 51 days before publication. Filed 22 Oct 2026. View the filing.
- Sen. Alan Armstrong bought Williams Companies (WMB) (jointly held), worth $15,001 - $50,000 on 20 Aug 2026. That is 70 days before publication. Filed 17 Sep 2026. View the filing.
- Sen. Alan Armstrong bought Williams Companies (WMB) (jointly held), worth $1,001 - $15,000 on 19 Aug 2026. That is 71 days before publication. Filed 17 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Companies in energy around United States Natural Gas Fund (UNG)
Companies mentioned with this story
- UNG United States Natural Gas Fund
In “Expand Energy Cuts Rigs as Natural Gas Supply For Now Outpaces Demand Growth,” United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence. Reason on file: United States Natural Gas Fund: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story
- XLE Select Sector Spdr Tr
For “Expand Energy Cuts Rigs as Natural Gas Supply For Now Outpaces Demand Growth,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story
- OIH Vaneck Vectors Etf
In “Expand Energy Cuts Rigs as Natural Gas Supply For Now Outpaces Demand Growth,” Vaneck Vectors Etf (OIH) is linked, with no stored direction, medium confidence. Reason on file: VanEck Oil Services ETF: it holds drilling and oilfield-service firms. Linked by “rigs” (oilfield services) in this story
- LNG Cheniere Energy
In “Expand Energy Cuts Rigs as Natural Gas Supply For Now Outpaces Demand Growth,” Cheniere Energy (LNG) is linked, with no stored direction, medium confidence. Reason on file: Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story
- EQT Eqt
In “Expand Energy Cuts Rigs as Natural Gas Supply For Now Outpaces Demand Growth,” Eqt (EQT) is linked, with no stored direction, medium confidence. Reason on file: Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story
- KMI Kinder Morgan
In “Expand Energy Cuts Rigs as Natural Gas Supply For Now Outpaces Demand Growth,” Kinder Morgan (KMI) is linked, with no stored direction, medium confidence. Reason on file: Kinder Morgan (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story
- WMB Williams Companies
Williams Companies (WMB) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “Expand Energy Cuts Rigs as Natural Gas Supply For Now Outpaces Demand Growth.” Reason on file: The Williams Companies (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story
- SLB Slb
Slb (SLB) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “Expand Energy Cuts Rigs as Natural Gas Supply For Now Outpaces Demand Growth.” Reason on file: Slb N.V (oil and gas field services): drillers get more work when oil companies spend more. Linked by “rigs” (oilfield services) in this story
United States Natural Gas Fund (UNG) and the energy link
The 29 Oct 2026 story “Expand Energy Cuts Rigs as Natural Gas Supply For Now Outpaces Demand Growth” names United States Natural Gas Fund (UNG) because of Energy.
For United States Natural Gas Fund (UNG), the reason on file says United States Natural Gas Fund: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story
Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story
Price levels for United States Natural Gas Fund (UNG)
OIH traded between 367.58 and 412.72 across 20 sessions. The latest close on file is 409.20. UNG traded between 9.31 and 11.43 across 20 sessions. The latest close on file is 9.51. XLE traded between 61.05 and 69.86 across 20 sessions. The latest close on file is 68.46.
A simple score for United States Natural Gas Fund (UNG)
54 out of 100Price not final
“Expand Energy Cuts Rigs as Natural Gas Supply For Now Outpaces Demand Growth” scores 54 out of 100. The score uses 2 sources, and 8 linked companies. The price is not final yet.