Permian winter gas basis prices hit premiums as drilling, production slow

Forwards traders are betting on premium gas prices in the Permian Basin this winter after a recent slowdown in drilling activity there begins taking its toll, putting downward pressure on production. In recent trading, peak-winter gas prices at Waha have moved to a premium over the Henry Hub. On Sept. 29, the January 2024 contract at Waha settled at $3.69/MMBtu,… Forwards traders are betting on premium gas prices in the Permian Basin this winter after a recent slowdown in drilling activity there begins taking its toll, putting downward pressure on production. In recent trading, peak-winter gas prices at Waha have moved to a premium over the Henry Hub. On Sept. 29, the January 2024 contract at Waha settled at $3.69/MMBtu,… Read More