East Texas basis markets crumble as flood of Permian Basin gas moves east
September 27, 2022 Comments Off
Discounted Permian Basin gas is putting pressure on the East Texas market in September as record West Texas production forces more supply eastbound, testing capacity on recently added intrastate pipelines. In recent trading, basis prices at Katy Hub and Houston Ship Channel have tumbled, settling in the week ending Sept. 23 at a nearly $1.50/MMBtu discount to the benchmark Henry…
East Texas basis markets crumble as flood of Permian Basin gas moves east
Discounted Permian Basin gas is putting pressure on the East Texas market in September as record West Texas production forces more supply eastbound, testing capacity on recently added intrastate pipelines. In recent trading, basis prices at Katy Hub and Houston Ship Channel have tumbled, settling in the week ending Sept. 23 at a nearly $1.50/MMBtu discount to the benchmark Henry…
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