Production and pipeline freeze-offs have caused nat gas prices to spike as high as $100 per unit, as utilities work to get gas along pipe to their customers. Nice for our portfolio of gassers in the northeast.
See article at natural Gas Intelligence :
http://www.naturalgasintel.com/articles ... s-100mmbtu
Happy New Year!
Gas price spike at $100 in NE
Re: Gas price spike at $100 in NE
It can get pretty wild in the physical market for gas when temps go sub-zero. Just keep in mind that very little gas is actually traded at those price you see.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Gas price spike at $100 in NE
Natural gas spot prices at Ventura, IA, skyrocketed to record levels Thursday, hearkening back to the polar vortex conditions of winter 2013/14 and leaving Northern Natural Gas and Northern Border pipelines prepared to take action to maintain balance on their systems.
Day-ahead deliveries at Northern Natural Ventura traded as high $100/MMBtu Thursday and were averaging $68.59, up $64.66 from the day before, according to NGI's Midday Price Alert. At Northern Border Ventura, midday prices traded as high as $95 and were averaging $42.77, up $38.94 day/day.
Day-ahead deliveries at Northern Natural Ventura traded as high $100/MMBtu Thursday and were averaging $68.59, up $64.66 from the day before, according to NGI's Midday Price Alert. At Northern Border Ventura, midday prices traded as high as $95 and were averaging $42.77, up $38.94 day/day.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group