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NYMEX is a commodities trading exchange that started in 1872 and was acquired by CME Group in 2008. The exchange lists futures and options on various metals, energy, and agricultural commodities.

Cost and Efficiency At the time this article was written, the average cost of natural gas cost is $6.23 per 1,000 cubic feet, which is roughly one million BTUs. The U.S. average cost for propane is $2.41 per gallon. One million BTUs of natural gas is roughly 11.20 gallons of propane.

NYMEX: Your Home for Henry Hub Natural Gas The third-largest physical commodity futures contract in the world by volume. Widely used as a national benchmark price for natural gas, which continues to grow as a global and U.S. energy source. An independent, stand-alone commodity.

The "Henry" hub is so named for its location in the Henry hamlet of Erath, which was named after the Henry High School that stood there until damaged by the flooding and storm surge from Hurricanes Ike and Rita, though the natural gas facilities suffered minimal damage.

NYMEX is the cost of the commodity, or the actual gas molecules, and is based on the price of gas at a set point: Henry Hub, Louisiana. Basis is the regional differential to the NYMEX Henry Hub price and can be an additional adder or discount to the NYMEX price.

Basic Info. The Henry Hub Natural Gas Spot Price measures the price in US Dollar per 1 Million Btu. The price of Natural gas notably spiked in February of 2003 when there was a large shortage in natural gas. The price of natural gas went from 5.58 to 18.48 within a month.

Natural Gas (Mar 21) @NG. 1:New York Mercantile Exchange.

Henry Hub is a natural gas pipeline located in Erath, Louisiana, that serves as the official delivery location for futures contracts on the New York Mercantile Exchange (NYMEX). The hub is owned by Sabine Pipe Line LLC and has access to many of the major gas markets in the United States.

NYMEX is the cost of the commodity, or the actual gas molecules, and is based on the price of gas at a set point: Henry Hub, Louisiana. Basis is the regional differential to the NYMEX Henry Hub price and can be an additional adder or discount to the NYMEX price.

The Henry Hub is perhaps the best-known of all natural gas trading points in North America. Located near Erath, Louisiana, the pipeline interchange moves gas from across the US Gulf Coast through a header system operated by Sabine Pipe Line, a subsidiary of Chevron Corporation.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232