Driving the negative realized price of natural gas for the second quarter was processing costs that exceeded Henry Hub pricing less basis differentials.

Source: https://seekingalpha.com/article/4624127-ring-energy-inc-rei-q2-2023-earnings-call-transcript?source=feed_all_articles

It benefits from natural gas without being exposed to fluctuating Henry Hub prices.

Source: https://seekingalpha.com/article/4632776-i-believe-eqt-is-poised-to-potentially-double-on-strong-tailwinds?source=feed_all_articles

This price difference between Henry Hub compared to destination markets drove U.S. LNG export cargoes to Europe instead of Asia.

Source: https://seekingalpha.com/article/4608663-us-lng-gains-influence-in-new-geopolitical-landscape?source=feed_all_articles