Shale Boom Changes Way U.S. Gas Traders Buy and Sell
- Volumes climb at Southeastern, Texas hubs, exchange data show
- Natural gas production has surged in Permian and Appalachia
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North American natural gas bets are moving closer to the nerve centers of the shale boom in the U.S. East.
In a ranking of the gas hubs with the largest physical trading volumes, Louisiana’s Henry Hub -- the benchmark for U.S. gas futures -- has fallen to 38th place this year after being third just eight years ago. Instead, points in western Pennsylvania and the Southeast, nearer to the prolific Marcellus Shale basin, are becoming the go-to spots for pricing gas.