Friday, July 20, 2012

Natural Gas Spot Price Clears $3/MMBtu

For the first time since late December 2011, the Henry Hub spot price of natural gas closed above $3 at $3.02/MMBtu. Given that this is not economic for Haynesville gas development, it is hardly reason to throw a party, but it is encouraging, especially given the fact that the price got down to $1.84/MMBtu in mid-April.

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