Cash NatGas Price in Oklahoma Hits $999/MMBtu; M-U Thru Roof Too

Just yesterday we told you about the craziness in natural gas prices in Oklahoma (and elsewhere, like Texas) that happened last Friday, when the cash price for natgas hit $600 in trading at one hub in the Sooner State (see Cash NatGas Price Goes Crazy in Oklahoma – Over $600/MMBtu!). Hang on! Yesterday the cash price at the same hub in Oklahoma hit $999! This is beyond crazy. And the high prices are now beginning to travel East, to the Marcellus/Utica. No, not THAT crazy, but we’re seeing prices at places like Dominion South and Tennessee Gas Zone 4 that we haven’t seen in, well, we can’t remember the last time we’ve seen prices this high.

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