Henry

Even though he has suggested that a large amount of U.S. liquefied natural gas (LNG) exports could eventually jack up Henry Hub prices by as much as $1.40/Mcf by 2018, Robert Brooks, a founder of RBAC consultants in Los Angeles, told NGI Thursday there is great uncertainty surrounding any such predictions.

Standard & Poor’s Ratings Services (S&P) has revised its natural gas pricing assumptions downward for 2012 and 2013 and added its oil and natural gas price assumptions for 2014.

Standard & Poor’s Ratings Services (S&P) has revised its natural gas pricing assumptions downward for 2012 and 2013 and added its oil and natural gas price assumptions for 2014.

Recent acquisitions have put Australia’s BHP Billiton Ltd. in the “shale of the shales” and positioned it to be a low-cost provider in the development-friendly United States, the company’s petroleum unit chief, J. Michael Yeager, told financial analysts, noting that plans to export liquefied U.S. gas to the rest of the world are racing ahead and BHP is ready.

The natural gas market will begin to tighten next year, and the Henry Hub spot price will average $4.41/MMBtu — following a projected $4.24/MMBtu this year — the Energy Information Administration (EIA) said in its Short-Term Energy Outlook for August.

The natural gas market will begin to tighten next year, and the Henry Hub spot price will average $4.41/MMBtu — following a projected $4.24/MMBtu this year — the Energy Information Administration (EIA) said in its Short-Term Energy Outlook for August.

In an effort to capitalize on liquids-rich gas production in Texas and the Midcontinent and provide producers with a natural gas liquids (NGL) marketing alternative to Mont Belvieu, TX, Crosstex Energy Inc. unit Crosstex Energy LP said it is planning to expand Louisiana fractionation facilities and construct a new NGL pipeline.

The Henry Hub spot price for natural gas will average $4.26/MMBtu over the second half of the year as the working gas inventory deficit relative to last year narrows, the Energy Information Administration (EIA) said in its Short-Term Energy Outlook for July. It expects the spot price to climb next year as the market tightens.

Pennsylvania lost nearly $200 million in state revenue by not imposing a tax on natural gas in October 2009, according a statewide think tank.