December 15, 2022 – Natural Gas Intelligence
Top North American Natural Gas Marketers Extend Gains in 3Q2022 as Demand, Production Jump
By Kevin Dobbs
Supplies in the Lower 48, too, are plentiful. The question is whether the United States can update and expand its infrastructure to deliver gas where it’s needed.
Prices in West Texas, for example, briefly flipped negative in late October when maintenance work in the region backed up supplies and caused a temporary glut because of takeaway constraints.
It was “an indication of just how vulnerable and sensitive” the Permian Basin is to midstream constraints, RBN Energy LLC analyst Sheetal Nasta said at the time. “The outages provided a good preview of just how little spare capacity is available on the intrastate pipelines leaving the basin.”
Similar problems in West Texas re-emerged this month.