Natural gas sold on the spot market at Waha earned money for 11 straight days at the end of May according to data from Natural Gas Intelligence (NGI). This is the longest that Permian Basin gas has been in positive territory since early March, when a long period of mostly negative pricing began. Outflows over the past two weeks have been stronger than earlier in the spring as major maintenance projects have ended and eased constraints on capacity.
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- Analyst Insight
Permian Gas Outflows Constrained as Cash Prices Languish
Prices remain negative for gas in the Permian basin, as outflows from the region are constrained, particularly on El Paso.
- Analyst Insight
Ascent of Matterhorn Causes Waha Gas Prices to Climb
Measurable flows of natural gas began on Matterhorn at the beginning of this month. Although not as long in the making as the Karl Marlantes novel of the same name, Matterhorn has been hotly anticipated this year and will greatly impact gas flows and basis prices in Texas.
- Analyst Insight
Waha Gas Price Plunges As Outflows to the West Were Disrupted
Waha natural gas prices have stayed out of negative territory thus far in 2025, but maintenance on El Paso is bringing the market closer to the low prices of much of 2024.
