Negative Permian gas prices set record stretch as Matterhorn startup looms

Natural gas prices at the West Texas Waha hub opened in negative territory again Aug. 21, marking nearly a month of consecutively negative pricing there as producers eagerly await new, incremental production takeaway capacity expected in September upon startup of the 2.5 Bcf/d Matterhorn Express Pipeline. After 26 days in the red, producers in the Permian Basin have now endured… Natural gas prices at the West Texas Waha hub opened in negative territory again Aug. 21, marking nearly a month of consecutively negative pricing there as producers eagerly await new, incremental production takeaway capacity expected in September upon startup of the 2.5 Bcf/d Matterhorn Express Pipeline. After 26 days in the red, producers in the Permian Basin have now endured… Read More