Feds Rewrite LNG Rulebook: What It Means for the Marcellus/Utica
Published . Updated .
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This report is about natural gas.
Directly affected
- No company is named in this report.
Indirectly affected
- UNG United States Natural Gas Fund-17.0% 30d
United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story.
- XLE Energy Select Sector SPDR+8.9% 30d
Energy Select Sector SPDR: it follows natural-gas prices. Linked by “lng” (natural gas) in this story.
- LNG Cheniere Energy+14.1% 30d
Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story.
- EQT Eqt+3.2% 30d
Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story.
- KMI Kinder Morgan+4.8% 6d
Kinder Morgan (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “lng” (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 “lng” (natural gas) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| UNG | +6.94% | +1.94% | base | +0.44% | after close | after close | after close |
| XLE | +1.44% | +2.16% | base | -0.36% | after close | after close | after close |
| LNG | -3.81% | +2.35% | base | +0.13% | after close | after close | after close |
| EQT | +2.63% | -0.55% | base | +0.41% | after close | after close | after close |
| KMI | +3.48% | +3.80% | base | +1.36% | after close | after close | after close |
| WMB | +4.07% | +5.18% | base | +3.13% | after close | after close | after close |
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.
Feds Rewrite LNG Rulebook: What It Means for the Marcellus/Utica Marcellus Drilling News
Source: Marcellus Drilling News
United States Natural Gas Fund (UNG) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Eqt (EQT) | that day | +0.41% | still updating |
| Eqt (EQT) | three days earlier | -0.55% | final price |
| Eqt (EQT) | five days earlier | +2.63% | final price |
| Kinder Morgan (KMI) | that day | +1.36% | still updating |
| Kinder Morgan (KMI) | three days earlier | +3.80% | final price |
| Kinder Morgan (KMI) | five days earlier | +3.48% | final price |
| Cheniere Energy (LNG) | that day | +0.13% | still updating |
| Cheniere Energy (LNG) | three days earlier | +2.35% | final price |
| Cheniere Energy (LNG) | five days earlier | -3.81% | final price |
| United States Natural Gas Fund (UNG) | that day | +0.44% | still updating |
| United States Natural Gas Fund (UNG) | three days earlier | +1.94% | final price |
| United States Natural Gas Fund (UNG) | five days earlier | +6.94% | final price |
| Williams Companies (WMB) | that day | +3.13% | still updating |
| Williams Companies (WMB) | three days earlier | +5.18% | final price |
| Williams Companies (WMB) | five days earlier | +4.07% | final price |
| Select Sector Spdr Tr (XLE) | that day | -0.36% | still updating |
| Select Sector Spdr Tr (XLE) | three days earlier | +2.16% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +1.44% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Michael T. McCaul sold Eqt (EQT) (held by a spouse), worth $1,001 - $15,000 on 27 Aug 2026. That is 68 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 78 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 81 days before publication. Filed 14 Oct 2026. View the filing.
- Sen. Alan Armstrong sold Williams Companies (WMB) (jointly held), worth $250,001 - $500,000 on 8 Sep 2026. That is 56 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 75 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 76 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).
Who gains and who loses around United States Natural Gas Fund (UNG)
Companies mentioned with this story
- UNG United States Natural Gas Fund
United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Feds Rewrite LNG Rulebook: What It Means for the Marcellus/Utica.” Reason on file: United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story
- XLE Select Sector Spdr Tr
Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Feds Rewrite LNG Rulebook: What It Means for the Marcellus/Utica.” Reason on file: Energy Select Sector SPDR: it follows natural-gas prices. Linked by “lng” (natural gas) in this story
- LNG Cheniere Energy
In “Feds Rewrite LNG Rulebook: What It Means for the Marcellus/Utica,” 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 “lng” (natural gas) in this story
- EQT Eqt
For “Feds Rewrite LNG Rulebook: What It Means for the Marcellus/Utica,” 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 “lng” (natural gas) in this story
- KMI Kinder Morgan
In “Feds Rewrite LNG Rulebook: What It Means for the Marcellus/Utica,” 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 “lng” (natural gas) in this story
- WMB Williams Companies
In “Feds Rewrite LNG Rulebook: What It Means for the Marcellus/Utica,” Williams Companies (WMB) is linked, with no stored direction, medium confidence. Reason on file: The Williams Companies (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story
United States Natural Gas Fund (UNG) and the energy link
“Feds Rewrite LNG Rulebook: What It Means for the Marcellus/Utica” (3 Nov 2026) reaches United States Natural Gas Fund (UNG) through Energy.
United States Natural Gas Fund (UNG) is on the page because United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story
Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: it follows natural-gas prices. Linked by “lng” (natural gas) in this story
What this energy story puts on the calendar
LNG traded between 270.98 and 330.66 across 20 sessions. The latest close on file is 311.54. UNG traded between 8.95 and 11.43 across 20 sessions. The latest close on file is 9.01. XLE traded between 62.95 and 70.15 across 20 sessions. The latest close on file is 67.26.
How solid the energy case looks
46 out of 100Price not final
“Feds Rewrite LNG Rulebook: What It Means for the Marcellus/Utica” scores 46 out of 100. The score uses 1 sources, and 6 linked companies. The price is not final yet.