Outflows of natural gas from the Permian basin were down for the week ending June 1 relative to the prior week, driven by lower outflows to the East and North. Outflows to the East averaged 12.9 Bcf/d, down 0.1 Bcf/d week-on-week. Reported outflows on Eastbound greenfield pipelines: Gulf Coast Express, Permian Highway, Whistler, and Matterhorn Express were all strong. Waha cash prices remain deeply negative but there was no major movement in prices indicating an outage. Outflows to the North averaged 1.8 Bcf/d, down 0.1 Bcf/d, driven primarily by lower outflows on ONEOK WesTex.
Featured Articles
- Analyst Insight
Waha Gas Reaches Least Negative Price Since February
Natural gas prices were up week-on-week, but still remain negative. Things may be set to change though, as the Gulf Coast Express expansion is imminent.
- Analyst Insight
Waha Gas Bears Continue Unabated
Natural gas prices in the Permian remained extremely low over the past week, as issues stemming from apparent low takeaway on Permian Highway were exacerbated by a smaller outage on NGPL.
- Analyst Insight
Waha Natural Gas Prices Up but Still Negative as Maintenance Subsides
Permian outflows to the North picked up last week and slightly improved the price picture. But the gas outlook for the Permian remains bearish for the first half of the year.