Record Waha Gas Price Crash as Outbound Flows Constrained

As force majeure events at Roswell, NM and in Texas have been resolved, Waha natural gas prices have rebounded significantly week-on-week.

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.

Waha natural gas prices plunged deep into negative territory last week, with restrictions on Permian outflows via El Paso a major culprit.