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Marcellus Benefited From 'Exceptionally Harsh Winter'

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By Jessica Garrison, Hart Energy
May 1, 2014

The exceptionally harsh winter has pushed natural gas inventories to a multiyear low and raised the 30-day moving average of Henry Hub spot natural gas prices near the $6 per million British thermal unit threshold during the first week of March. Meanwhile, the cold weather and exceptionally large corn crop impacted propane prices across the Midwest and Northeast, causing Congress to deliberate about the necessity of a "strategic propane reserve" after prices skyrocketed in first-quarter 2014. The play that benefits the most from this weather anomaly is the Marcellus.

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