Looking Ahead Key Takeaways APA Corporation (APA) recently announced that it curtailed natural gas and natural gas liquids ("NGL") production during the second quarter, in a strategic move to counter plunging U.S. natural gas prices. The company reduced its U.S. natural gas output by approximately 10 million cubic feet per day (cf/d) and scaled back NGL production by about 750 barrels per day (b/d). This response was triggered by weak or even negative pricing at the Waha hub. U.S. natural gas prices came un ...