Examples of Henry Hub in a sentence
The index prices for the natural gas price swaps are based on the NYMEX – Henry Hub last trading day futures price.
The benchmark base prices used for this evaluation were $96.78 per barrel for West Texas Intermediate oil at Cushing, Oklahoma, and $3.670 per million British thermal units (MMBtu) for natural gas at Henry Hub, Louisiana.
For gas volumes, the average Henry Hub spot price of $2.976 per MMBTU is adjusted by field for energy content, transportation fees, and market differentials.
The Company’s derivative contracts are based upon reported settlement prices on commodity exchanges, with crude oil derivative settlements based on New York Mercantile Exchange West Texas Intermediate pricing and Crude Oil Brent pricing and with natural gas derivative settlements based on the New York Mercantile Exchange Henry Hub pricing.
For gas volumes, the average Henry Hub spot price of $1.985 per MMBTU is adjusted by field for energy content, transportation fees, and market differentials.
Represents the NYMEX Henry Hub index price or approximate NYMEX Henry Hub index price based on historical differentials to the index price on the derivative trade date.
For gas volumes, the average Henry Hub spot price of $2.587 per MMBTU is adjusted by field for energy content, transportation fees, and market differentials.
Such pricing terms are often a function of a specified discount from the daily/monthly NYMEX or Henry Hub average.
Henry Hub is the relevant index used for gas sales in the Rockies.
Under the purchase and sale agreement, Cenovus is entitled to receive cash for each month in which the average daily price of WTI is above US$55 per barrel or the price of Henry Hub natural gas is above US$3.50 per MMBtu.