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 hit an all time record low in trading for delivery April 16, and SoCal Border also hit a record low as the extreme bearishness of the Permian spills over into other regions.