Industry metrics

In the US, Henry Hub natural gas spot prices hovered around $3/MMBtu in August, according to US EIA data. In the week ending September 6, dry natural gas production grew by 2% on the week, in spite of Hurricane Harvey reducing production in the Gulf of Mexico by an average of 409 MMcfd between August 30 and September 4, according to the Bureau of Safety and Environmental Enforcement. Meanwhile, US production of NGL, LPG, ethane/ethylene and propane/propylene rose in July and August, after across-the-board decreases in May and June. GP