The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Holly Meredith Barrett Stewart - Scotia Howard Weil, Research Division - Analyst
: Tom, maybe just appreciate the comments on the global energy crisis. I know you've spent some time in Washington as well as with other folks
just pushing the global gas agenda. What can you tell us about your conversations? And maybe how do you see these global policies playing out?
Question: Holly Meredith Barrett Stewart - Scotia Howard Weil, Research Division - Analyst
: Now those are some good points. Scott, maybe asking you one that hasn't been asked yet. There is an 8 handle on gas this morning. So there looks
to be kind of minimal updates on the hedging front here, and we're hearing, obviously, a lot on inflationary pressures. So I guess my question
would be, can this price be ignored on the natural gas side for hedges?
Question: Leo Paul Mariani - KeyBanc Capital Markets Inc., Research Division - Analyst
: Just wanted to follow up with sort of a big picture question here. You obviously talked about Coterra being well positioned for LNG exports and
trying to find the right deal out there. But just realistically, do you guys think there can be any material expansion of U.S. LNG export capacity in,
say, 2023? Or do you think that whatever does kind of occur out there is kind of more of a sort of mid-decade potential expansion?
And then just additionally, do you think that there will be available deals for U.S. producers to get more international pricing in some of these deals
are going to be more Henry Hub link type deals?
Blake Sirgo
Yes, Leo, this is Blake. I'll take a crack at that. I mean, in general, most of the new capacity that's coming on right away was spoken 4 years ago. And
new capacity coming is all mid-decade, and that's what's being shopped in the market. I think there's -- competition is a great thing. And if there's
a lot of demand overseas and there's more LNG projects in the U.S., that's going to drive more competition in the deals for producers. And so we're
a big supporter of LNG. We would love to see a bunch of new LNG terminals pop up along the East Coast. So if we can figure that one out, there's
plenty of opportunities but time will tell.
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