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Ohio Utica Shale

December natural gas prices spike in Boston

By Bob Downing Published: December 6, 2013

From the U.S. Energy Information Administration today:

Dec 6, 2013

 

Graph of natural gas futures prices, as explained in the article text

Source: U.S. Energy Information Administration, based on Energy Velocity and the IntercontinentalExchange (ICE)
Note: Data are from the IntercontinentalExchange monthly natural gas index

The average bidweek price of natural gas in New England for December settled at $14.52 per million British thermal units (MMBtu), well above prices in other U.S. regions, according to the IntercontinentalExchange monthly index. The bidweek price, shown in the chart above, sets in a price for natural gas over the entire month at agreed upon volumes. In the past 20 years, natural gas prices in the Northeast have only reached this level on two occasions. In 2005, hurricanes Katrina and Rita led to extremely high prices at the benchmark Henry Hub in Louisiana, and the financial crisis in 2008 led to high natural gas prices throughout the United States. This December is the first time that the bidweek price at the Algonquin hub, which serves Boston, has reached this level.

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Utica and Marcellus shale web sites

Ohio Department of Natural Resources' Division of Oil and Gas Resources Management State agency Web site.

ODNR Division of Oil and Gas Resources Management. State drilling permits. List is updated weekly.

ODNR Division of Geological Survey.

Ohio Environmental Protection Agency.

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Landman Report Card, a site that looks at companies involved in gas and oil leases.FracFocus, a compilation of chemicals used in fracking individual wells as reported voluntarily by some drillers.

Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.

Rig Count Interactive Map by Baker Hughes, an energy services company.

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National Geographic's The Great Shale Rush.

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Buckeye Forest Council.

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Concerned Citizens of Medina County, a grass-roots group.

No Frack Ohio, a Columbus-based grass-roots group.

Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.

Penn State Marcellus Center.

Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.

Allegheny Front, environmental public radio for Western Pennsylvania.