The Henry Hub 12-month forward curve has increased by more than 40 cents over the last month to $2.88/MMBtu, propelling multiple gas plays to boast internal rates of return per well above 10%. Approaching winter demand could push the curve even higher despite elevated US storage levels. Receive daily email alerts, subscriber notes & personalize your experience. Register Now IRRs in major gas plays, including the Haynesville, the Marcellus Dry and the Utica Dry, rose above 10% for the month of August, according to data by S&P Global Platts Analytics. Platts Analytics’ IRRs are based on a half-cycle, after-tax analysis, which excludes sunk costs such as acreage acquisition, seismic activity and appraisal drilling. While this is the first month higher Henry Hub prices are readily apparent in the 12-month forward curve, there […]