Outright Waha cash prices averaged negative $1.16/MMBtu during the week ended June 8 according to data from Bloomberg. This is $0.64/MMBtu higher than the average price during the week ended June 1. Although they are still below zero, this is the highest prices in the basin have been since February as summer demand picks up. Prices are expected to recover further once new takeaway capacity comes online later this year.
Featured Articles
- Analyst Insight
Gulf Coast Express Expansion Ends Waha’s Negative Streak
Waha natural gas prices were positive again for the week that just ended. An expansion of the Gulf Coast Express pipeline provided a critical boost by raising outflow capacity.
- Analyst Insight
Negative Permian Gas Price Persists, but Change is on the Horizon
The price of natural gas remains negative at Waha. But movement in the forward curve suggests that the market is looking to a brighter future in the second half of the year.
- 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.
