Northeast winter gas spreads widen as marketers brace for constraints

摘要

Burgeoning Marcellus Shale production and lack of takeaway capacity in the region have some market players betting heavily that the resulting volatility will result in wide regional spreads this winter in the Northeast. Over the last month or so, a bevy of players, particularly producers and hedge funds, have taken some significant positions on basis blow-outs between the premium-priced Northeast city-gates markets and the Appalachian basin, according to industry sources.