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HH prices to stay low
Oct 13: US shale gas production reached 73.84 Bcf on September 5, passing the prior daily record set in February 2016.
8With a 130 percent increase in the US rig count since August and new takeaway infrastructure capacity coming online through the end of 2017 and into 2018, the possibility for new record levels of gas production in the coming months may be likely.
8The 30-cent spread between October and January gas futures - which is about 15 cents narrower than the same time last year -  may hint at a gas market that traders perceive to be well supplied.
8These factors point to lower Henry Hub prices in the coming months.
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