Free Webinar on Price of Natural Gas in Marcellus/Utica – May 17
The price of natural gas is the magic key that unlocks whether, and how much, drilling takes place in the Marcellus/Utica. Drillers (i.e. producers) live and die by the price of natural gas. Traders live and die by it too. And because it’s important to drillers and traders and others in the industry, the price of gas at various trading points along pipelines is of keen interest for landowners too. What controls the price? Supply and demand, of course. But there are other factors too. This Thursday, May 17 at 1 pm Eastern, NGI’s (Natural Gas Intelligence) Director of Strategy and Research, Patrick Rau, will give an online webinar talk EVERYONE needs to attend: “Appalachian Natural Gas Prices — How They are Determined and Where Are They Headed?” Pat is guest presenter for this month’s free Penn State Extension Shale Education monthly webinar series. MDN editor Jim Willis knows and has worked with Pat–and we can assure you, Pat is one smart cookie. He makes the complex world of natural gas pricing understandable. Here’s the announcement of what Pat will discuss on this can’t-miss-it webinar…
The Pennsylvania State University Extension will offer a chance to learn more about natural gas basis differentials across the country, and in particular those in the Appalachian Basin, during a webinar featuring Natural Gas Intelligence.
The one hour webinar, “Appalachian Natural Gas Prices — How They are Determined and Where Are They Headed?” will be presented as part of Penn State Extension’s Shale Education monthly webinar series at 1 p.m. ET on Thursday, May 17. NGI’s Director of Strategy and Research Patrick Rau will be the featured speaker.
NGI was one of the nation’s first natural gas price reporting agencies and has launched several newsletters over the years to better inform the daily and bidweek spot market prices it now provides for more than 100 U.S. and Canadian trading locations.
Rau will provide a general background on the rise of Appalachian natural gas production, which has upended the North American gas market and forged wide discrepancies between local spot prices and the U.S. benchmark. He’ll discuss NGI’s Appalachia spot market prices, how the company calculates them and what’s in store for the future, among other things. His presentation will be followed by a question-and-answer session with the audience.
The webinar is free, but registration is required. To register, visit the Penn State Extension website (link to: https://extension.psu.edu/shopby/webinars). For more information, contact Carol Loveland at [email protected].
Here’s how PennState is advertising the upcoming FREE webinar:
With the abundance of U.S. shale gas, the pricing of natural gas can differ significantly in local markets. The factors that drive these differences will be the topic of a web-based seminar offered by Penn State Extension.
The one-hour webinar, “Appalachia Natural Gas Prices — How They Are Determined and Where Are They Headed?” will be presented at 1 p.m. on Thursday, May 17.
The event will feature Patrick Rau, director of strategy and research for Natural Gas Intelligence. He will discuss the growing importance of the Marcellus and Utica shale formations and basis differentials across the country. The differences in pipeline prices among systems in the Appalachian basin also will be explored.
As with other commodity pricing, natural gas prices are commonly driven by supply and demand and often are linked to oil prices, Rau noted.
“Natural gas production in Appalachia now accounts for approximately 30 percent of total U.S. gas production, and it should achieve an even higher share in the years to come,” he said. “That has had — and will continue to have — a profound impact on natural gas prices in many parts of the country.”*
*PennState News (May 10, 2018) – Natural gas pricing in Appalachian Basin topic of Extension webinar