As production from the US Northeast stalls and the active rig count declines in the region, the market could tighten significantly and help propel Henry Hub futures later this winter. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The prompt month Henry Hub contract has tumbled more than 55 cents since early November and is currently hovering around $2.30/MMBtu. While weather has been largely unsupportive of US balances, flagging production, namely in the Northeast, and robust utilization of LNG facilities presents downside risk to end-of-winter storage levels, which S&P Global Platts Analytics currently has forecast at 2 Tcf at the end of March. US production has averaged 91.8 Bcf/d month to date but dipped as low as 90.8 Bcf/d in recent days. This contrasts with Platts Analytics previous […]