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Monthly average natural gas prices, showing the location of the Henry Hub. The Henry Hub is a distribution hub on the natural gas pipeline system in Erath, Louisiana, owned by Sabine Pipe Line LLC, a subsidiary of EnLink Midstream Partners LP who purchased the asset from Chevron Corporation in 2014. [1]
Hydraulic fracturing has reduced the Henry Hub spot price of natural gas considerably since 2008. The increased shale gas production leads to a shift of supply away from the south to the northeast and midwest of the country. A recent study found that, on average, natural gas prices have gone down by more than 30% in counties above shale ...
Natural gas prices at the Waha Hub in West Texas have been negative a record number of times so far this ... the benchmark price for U.S. natural gas, which is set at the Henry Hub in Louisiana ...
By March 2024, the Henry Hub spot price had decreased to $1.50 per million British thermal units (MMBtu), significantly below the forecasted $3.10/MMBtu, with expectations of prices staying below $2.00/MMBtu until the second half of 2024, averaging $2.20/MMBtu for the year [34]
A natural gas glut in the US has sent prices for the commodity tumbling to multi-decade lows, down 43% over the past year.At West Texas's key trading spot, the Waha Hub, prices have been negative ...
Natural gas prices have surged nearly 25% over the last month. Energy experts attribute the rise to cold weather expected in January and geopolitical issues around the globe. The cold temperatures ...
In February 2003 there was a similar spike in natural gas prices because of shortages. [15] The most commonly quoted producer price for natural gas is the Louisiana-based Henry Hub price, which is futures-traded on NYMEX.
Since Sept. 10, the price of natural gas at the Henry Hub distribution center in Louisiana has climbed 20% from its close of $2.66 a month ago. Following this rapid rise, coal companies have seen ...
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