The Henry Hub SPOT price of gas is NOT the "wellhead price"; The pricing of gas in Louisiana is divided up as ;wellhead price;City gate price;residential price;commercial customer price with the energy power price being the highest....
There is also a Louisiana Hub cost of approx US$0.27 per mcuft gas sold into the grid pipeline[TRIVIA]....and the wellhead price is nowhere near the spot price .
The figures of spot prices of US$9+ are 2days old, but did occur for a day or so only ; the spot price is volatile ranging US$6.30 to US$7.59 in past 24 hrs.
UNTIL PSA kindly clarify the AVERAGE WELLHEAD PRICE , it is not worth getting all ramped up over a few days price distortions .
PSA still have an excellent earner all the same !!!!!
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