The Henry Hub Natural Gas spot price standard.
In late 1989, Sabine was selected by the New York Mercantile Exchange (NYMEX) as the official delivery mechanism for the world’s first natural gas futures contract. The ”spot price” is the Henry Hub price at that moment in time — not associated with a future contract. Natural gas is priced in units of one million British thermal units (MMBtu). If Natural gas is trading for in dollars is referring to the Henry Hub price for the current month’s contract. The standard NYMEX NGAS Contract is for 10,000 million British thermal units. The henry Hub uses the average of the natural gas prices from 13 interconnected pipelines. To see the current contracts.
Private Equity Alert: Energy LP and Energy Equity Group has been working with local companies to set up lease banks with Private Equity Capital. Any accredited investors interested in learning more about these Lease Plays go to Energy Equity Group or Energy LP Corporation to get more information.