The spot price of natural gas selling at the benchmark Henry Hub in southern Louisiana has been creeping up ever so gradually, but it’s still nothing to write home about (closed at $2.75 yesterday). However, the spot price at two of our favorite M-U locations to track–Dominion South (in southwestern PA) and Tennessee Gas Zone 4 Marcellus (in northeast PA)–have rocketed in the past month, closing yesterday at their highest levels in more than a year.
This post appeared first on Marcellus Drilling News.