Permian gas production rebounded slightly last week as Gulf Coast Express came back online following scheduled maintenance that ended April 15. Production cuts earlier in the month helped prevent cash prices from dipping below zero during the Gulf Coast Express outage, but takeaway capacity remains tight and will get tighter soon. More major pipeline maintenance begins this week, which could once again weigh on production or send prices lower. Permian Highway has scheduled maintenance from April 22 to April 25 which will reduce capacity on the pipeline.
Featured Articles
- Analyst Insight
Waha Natural Gas Prices and Production Bounce Upward Last Week
Waha natural gas cash prices soared higher last week according to NGI, as Permian Basin pipeline maintenance constraints dissipated.
- Analyst Insight
Permian Negative Streak Ends, At Least for Now
Natural gas prices at Waha have returned to the positive side, but more negative prices may return if capacity is constrained by more shoulder-season pipeline maintenance.
- Analyst Insight
Permian Gas Production Sets Monthly Record
Permian gas production hit a new record in July, but outright prices remained positive. This may change, however, with maintenance on the horizon.
