The forecast now assumes the Henry Hub spot price will average about $4.30/MMBtu this year and almost $4.40/MMBtu in 2027.
The previous projection for 2026 was $3.46.
Natural gas averaged $2.19 in 2025 and $3.53 in 2025, according to US EIA.
Frigid weather conditions across the United States led to a 3% drop in U.S. natural gas production from December to January.
EIA expects the production drop was temporary, with almost all of the production back online in February as producers increase drilling activity in response to higher prices.
Click Here for a copy of the US EIA report.
PA Oil & Gas Industry Public Notice Dashboards:
-- PA Oil & Gas Weekly Compliance Dashboard - Feb. 7 to 20 - Conventional Well Owners Abandoning More Than 1 Well A Day; No Approval For Disposal Of Shale Drill Cuttings [PaEN]
-- PA Oil & Gas Industrial Facilities: Permit Notices, Opportunities To Comment - February 14 [PaEN]
-- DEP To Hold March 19 Meeting, April 7 Hearing On Shell Petrochemical Plant Air Quality Plan Approval For Ground Flares, Wastewater Treatment Plant, As-Built Air Pollution Equipment In Beaver County [PaEN]
-- DEP Posted 76 Pages Of Permit-Related Notices In February 14 PA Bulletin [PaEN]
-- PA Oil & Gas Industrial Facilities: Permit Notices, Opportunities To Comment - February 21 [PaEN]
-- DEP Issues Water Quality Permits For Major Longwall Coal Mining Damage Prevention Project Covering 4 Texas Eastern Natural Gas Pipelines In Greene County [PaEN]
-- DEP Posted 63 Pages Of Permit-Related Notices In February 21 PA Bulletin [PaEN]
Related Articles This Week:
-- Guest Comments: How Is PA General Energy Allowed To Destroy Natural Forest Values To Which I Am Entitled To Enjoy With Its Shale Gas Well Pad And Access Road Project In Loyalsock State Forest, Lycoming County? - By Cynthia Bower, Resident [PaEN]
-- Guest Comments: PA General Energy Shale Gas Road, Well Pads Project Would Close Access To State Forest Land, Threaten Already Threatened Forest Bird Species In Loyalsock State Forest, Lycoming County -- By Bruce Buckle, President, Lycoming Audubon Society [PaEN]
-- The Derrick: Aqua Pennsylvania Reports ‘Settlement In Principle’ To Purchase Venango Water Company [Fallout From Public Water Supply Contamination By Conventional Oil Wastewater Spill Continues] [PaEN]
-- Marcellus Drilling News: Capital & Main Resolves Legal Challenge From CNX Resources Over Its Reporting With Editor’s Note Explaining What It Did Not Say Or Write About In An Article [PaEN]
-- Gov. Shapiro Secures 2 Year Extension Of PJM Price Cap, Collar On Electricity Capacity Auctions [PaEN]
-- In Case You Missed It: A.I./Data Center Articles - NewClips From Last Week - February 16 & 23 [PaEN]
-- US EIA Increases Natural Gas Price Projection For 2026 By 40% Due To Large Withdrawals From Gas Storage [PaEN]
-- 12th Annual Pennsylvania Renewables Summit Set For March 16-17 In Harrisburg Area [PaEN]
-- Philadelphia Solar Energy Assn: March 5 Webinar - Energy Affordability - How Plug-In Solar Energy Can Help [PaEN]
NewsClips:
-- Marcellus Drilling News: Philadelphia Penn LNG Gas Export Facility Appears To Be Dead [PDF of Article]
-- Post-Gazette - Anya Litvak: Winter Storm Brings Cash For Natural Gas Drillers; But Natural Gas Prices Reach Historic Highs For Consumers
-- Bloomberg: EQT Natural Gas Driller Expects $1 Billion Windfall On Winter Storm-Driven Gas Price Rally
-- PUC To Investigate Proposed 8.7% Rate Increase Requested By UGI Gas Division
-- Spotlight PA: PA Tax Credit For Data Centers Will Cost Taxpayers $2 Billion A Year By Mid-2031
-- Ohio River Valley Institute: A.I. Data Centers Employ An Average Of 27 On-Site Workers - About The Same As An Average Olive Garden Restaurant
[Posted: February 11, 2026] PA Environment Digest
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