Spot NatGas Prices in Marcellus/Utica Head Higher Following Henri

Henri, the huuuuge, "first hurricane to hit New England in 30 years" storm, turned out to be a relative nothingburger. Some 100,000 electric and gas customers lost service for a day or so. We don't minimize the pain and trauma they experienced, but frankly, Henri was minimal compared to most hurricanes that strike land in the U.S. Already the spot price for natural gas in places like Boston and New York City (and elsewhere across the M-U) is soaring once again. It's hot and humid in the northeast, and natural gas is needed to power air conditioners and electric power plants, driving up demand. That's good for drillers and landowners.

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