The Permian Basin rig count jumped up by 4 rigs last week and is at its highest level since June 2025. The strong rig count will set the basin up for additional gas production growth in the coming months. So far this year around 2.3 Bcf/d of new takeaway capacity has come online, and Blackcomb is expected to add an additional 2.5 Bcf/d of capacity by the end of the year. Permian production during the week ended October 12 averaged a record high 23.9 Bcf/d.
Featured Articles
- Analyst Insight
Permian Gas Production High Even as East Outflows Dip
Outflows from the Permian Basin were down last week. Nevertheless, production remains very high
- Analyst Insight
Gulf Coast Express Expansion Ends Waha’s Negative Streak
Waha natural gas prices were positive again for the week that just ended. An expansion of the Gulf Coast Express pipeline provided a critical boost by raising outflow capacity.
- Blog
Open The Door – New Pipeline Capacity Unlocks Supply Potential for Permian Natural Gas
Natural gas prices in the Permian spent the first half of the year in the red. Then, in mid-June, Kinder Morgan flipped a switch and now Waha prices are back above zero. The “switch” was a compression expansion on Gulf Coast Express, which added a desperately needed 570 MMcf/d of takeaway capacity.
