Overall outflows of natural gas from the Permian Basin were up slightly last week, with higher outflows to the West. Outflows to the West averaged 2.25 Bcf/d, up 0.08 Bcf/d week-on-week. Higher supply receipts were seen on El Paso Pipeline particularly in the back half of the week. The Puckett Compressor Station in Pecos, Texas is now back online following maintenance work but El Paso pipeline maintenance is an ongoing issue for the basin. Overall outflows to the West are still low compared to the same time last year with El Paso maintenance work and flow restrictions continuing to limit outflows in that direction. The outflows of gas in all other directions were relatively flat to the prior week.
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- Analyst Insight
Gas Production in Permian Down as El Paso Flows Decline
Production of natural gas in the Permian Basin declined last week as outflows on El Paso were down.
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Exports to Mexico have been near their maximum achieved levels recently, as Waha gas prices recover despite Westbound outages on El Paso.
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Permian Natural Gas Outflows Retreat but are Poised to Hit New Highs in Coming Months
Outflows of natural gas from the Permian Basin were down last week relative to the previous week. However, we expect outflows to trend upward in the coming months.
