The recent cold snap revived demand and gas prices. Watch for an April average price of $3.00/mmbtu as Sabine Pass train 4 commissioning increases LNG net exports, Mexican exports ramp up seasonally, and coal plants go offline for maintenance. Lower Northeast production supported prices as supplies declined last month despite high regional prices. However drilling is ramping up; we saw major activity in Haynesville and Cotton Valley as they added 30 rigs and prices support further additions, although supply will take a while to catch up. During March, wind generation greatly exceeded 2016 levels and wind could continue to influence gas prices as much as temperature this shoulder season.