A Substack providing independent, data-driven analysis of North American natural gas markets
| Platform |  | Pricing | Freemium | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 56 | Founded | a year ago | Last Issue | 6 days ago |
| Active | |||||
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measureddepth.comLatest Issues
Gas demand growth hasn’t picked up yet
Gas demand capex rose sharply in 2025-26, fueling excitement that higher prices would come soon after. But this year, for the first time in the capital discipline era, Henry Hub prices weakened without a major external shock. This decline h...
After Plaquemines and record heat, Southeast gas stays tight until spring
Storage is drained, coal can’t ramp further, and pipelines into the region are full — leaving basis exposed to spikes through winter
Since mid-August, Southeast gas prices have traded at ~$3.75-7.50/MMBtu, even as Henry Hub prices have hel...
Whose problems would Seneca solve?
As Appalachia returns to growth, Seneca’s inventory is most valuable to companies staring down early-2030s declines
On September 16, Reuters reported that National Fuel Gas is evaluating options for its upstream and midstream businesses, s...
Finally, gas combined cycles in West Virginia
Dominion’s Mt. Storm anchors TC Energy’s Appalachia Supply Project, tightening TCO Pool
West Virginia produces more gas than all but four other states, yet has no operational combined-cycle generating capacity — a testament to the durable...
2Q26 earnings: Which shipper wants MVP Southgate early?
MVP Southgate volumes back off eastbound flows at Transco Station 85, with Southeast demand upside limited by combined-cycle capacity
On its 2Q26 earnings call, EQT announced it is accelerating construction of MVP Southgate, pulling forwar...
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