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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 ...
Gulf South Pipeline is a natural gas pipeline system that transports gas between south and east Texas, Louisiana, Alabama, Mississippi, and Florida. The system is owned by a limited partnership. The system connects to Henry Hub in Louisiana. Its FERC code is 11. [1]
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 ...
Base gas is needed in order to provide enough pressure for gas to be withdrawn on demand. Therefore, total working storage capacity is about 4 Tcf. This is equal to approximately 17% of annual consumption. Most gas storage is in depleted gas or oil fields, with the second largest storage capacity being in aquifers, and the smallest in salt caverns.
Oklahoma oil prices and drilling report for March 4, 2021
The US Energy Information Administration reported in 2012 that Marcellus production had lowered regional gas prices to nearly par with Henry Hub, and in October 2013, reported that future markets were predicting Appalachian gas prices to dip to $0.30 below Henry Hub in 2016. [65] Unexpectedly, Henry Hub average price for natural gas in 2016 ...
The most commonly quoted producer price for natural gas is the Louisiana-based Henry Hub price, which is futures-traded on NYMEX. A barrel of oil releases about 5.8 million BTU when burned, so that 5.8 MCF of gas (at the standard one thousand BTU per cubic foot) releases about the same energy as a barrel of oil.