Permian winter gas basis prices hit premiums as drilling, production slow
October 3, 2023 Comments Off
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,…
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,…
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