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Page added on June 23, 2018

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Appalachian Natural Gas Prices Up Even As Production Jumps

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According to the U.S. Energy Information Administration, natural gas prices at trading points around the Appalachia region have generally increased in the past three years relative to the benchmark Henry Hub in Louisiana, even as production in that area reached new highs. Natural gas production in the Appalachia region averaged 22 billion cubic feet per day (Bcf/d) in 2017, an increase of 25% from 2015 average levels. Latest data indicate that production has continued to increase, with production in the Marcellus and Utica plays reaching 25 Bcf/d in March 2018. Higher prices and production are mainly driven by the increased pipeline takeaway capacity from the Appalachia region.

Spot prices at market trading hubs in the Marcellus and Utica plays increased even as production growth has continued. During winter 2017–18 (October 2017 to March 2018), the price at the Dominion South Hub in southwest Pennsylvania averaged $2.17 per million British thermal units (MMBtu). In contrast, during the winter 2015–16, prices at the Dominion South Hub averaged $1.24/MMBtu. The average 2017 summer (April–September) price was $2.06/MMBtu, 68¢ higher than the 2015 summer average.

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6 Comments on "Appalachian Natural Gas Prices Up Even As Production Jumps"

  1. Free Speech Forum on Sat, 23rd Jun 2018 2:48 pm 

    The government is destroying the US, but Americans want more government.

    The USA is collapsing, but Americans say nothing.

    Insanity.

  2. Go Speed Racer on Sat, 23rd Jun 2018 7:02 pm 

    To make sense of it all,
    try a conservative news source,
    like “InfoWars” or “TownHall”.
    Then U can learn the truth.

    The problem with “Fox News” is they
    are a bunch of whining lefty liberals.
    Not conservative enough.

  3. Boat on Sat, 23rd Jun 2018 11:54 pm 

    Has Fox built bathrooms for transvesites yet? If you are a true conservative you’ll pick a woman good at digging out house holes and likes to clean fish.

  4. Boat on Sat, 23rd Jun 2018 11:59 pm 

    This post is full-o-shyt. There was a glut. The glut dissipated somewhat but prices are still cheap compared to the EU buying from Russia for example. The US has been under $3 for some time.

  5. GregT on Sun, 24th Jun 2018 12:42 am 

    “If you are a true conservative you’ll pick a woman good at digging out house holes and likes to clean fish.”

    Opioids Kevin?

  6. Anonymous on Sun, 24th Jun 2018 5:21 am 

    Price improvement, in App, (and volume increase) are because of pipelines getting built. There is also a consequent effect of prices being lower in LA and TX because of pressure from PA gas coming down.

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