Title : WTI Trending Down; North Dakota Rigs Trending Up -- March 2, 2018
link : WTI Trending Down; North Dakota Rigs Trending Up -- March 2, 2018
WTI Trending Down; North Dakota Rigs Trending Up -- March 2, 2018
Active rigs:| $60.65↓↓↓ | 3/2/2018 | 03/02/2017 | 03/02/2016 | 03/02/2015 | 03/02/2014 |
|---|---|---|---|---|---|
| Active Rigs | 59 | 41 | 34 | 120 | 192 |
RBN Energy: LNG exports, Marcellus/Utica production driving physical gas flows, unprecedented constraints at Henry Hub.
For decades, liquidity at the U.S. natural gas benchmark pricing location Henry Hub in Louisiana has been dominated by financial trades, with minimal physical exchange of gas, despite the hub boasting robust physical infrastructure, including ample pipeline connectivity.
But that’s changing. Between the start of LNG exports from Cheniere Energy’s Sabine Pass LNG facility in February 2015, and the slew of pipeline reversals that are allowing Marcellus/Utica producers to target the new Gulf Coast demand, gas flows through Henry have been rising. In fact, more physical gas is moving through the hub than in nearly 10 years, to the point where a key pipeline interconnect is at capacity on many days, which historically was unheard of. Today, we begin a short series looking at the changing physical market at Henry.
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