Regime Framing

Henry Hub policy levers — DOE non-FTA LNG export approvals as ceiling, EPA methane fees as floor, both currently inactive

Henry Hub Horizons

Both policy levers are muted. The Henry Hub band is wider than the policy-floor framework predicts.

Policy is supposed to bound the Henry Hub band. With both levers idle, the transmission mechanism is muted and the band runs wider than the floor implies.

June 10, 2026 · 2 min read

Permian takeaway capacity additions through 2027 — Matterhorn Express, Blackcomb, Hugh Brinson — and Waha-to-Henry-Hub repricing

Henry Hub Horizons

Permian relief, Henry Hub risk: when the marginal molecule moves locations.

Today the marginal Permian molecule prices at Waha. After the takeaway wave, it prices at Henry Hub. That migration is the structural story Permian analysis is missing.

April 22, 2026 · 2 min read

AI data-center load and Henry Hub power burn — two regimes through 2030, with behind-the-meter gas as the hinge

Henry Hub Horizons

AI load arrives in one of two Henry Hub regimes. The BTM pipeline sits between them.

AI load makes Henry Hub power burn a two-regime question through 2030. The hinge is where the load clears, and on which side of the meter.

April 15, 2026 · 2 min read

Both policy levers are muted. The Henry Hub band is wider than the policy-floor framework predicts.

Permian relief, Henry Hub risk: when the marginal molecule moves locations.

AI load arrives in one of two Henry Hub regimes. The BTM pipeline sits between them.

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