Natural gas prices have widely
fluctuated at the wellhead since the early years of Marcellus Shale
and Utica Shale gas drilling,
first rising and later falling.
When the first Marcellus Shale well was drilled in 2004 (Renz
Well) gas prices
averaged $5.45 at the wellhead, rose to over $10.00
(Oct 2005 & June-July 2008) then at year end 2012 averaged $3.35.
In the interim, natural gas prices
at the wellhead have risen as high as
$10.79 and fallen as low as $1.89.