News

Waha Bidweek Swells Despite Negative Cash Prices as Natural Gas Traders Bet on Summer Heat

Natural Gas Intelligence · last updated

Permian Basin natural gas prices for June baseload delivery strengthened in the first day of bidweek trading, even as spot prices turned negative at the always volatile Waha hub in West Texas.

Natural Gas Intelligence's (NGI) Waha bidweek natural gas price graph showing historical market volatility.

The month-ahead Waha price averaged $1.20/MMbtu on Friday, NGI’s Bidweek Alert data showed. This was nearly double the 62.5 cents average for May. El Paso Permian also rose to $1.20 from 67.5 cents.

Waha spot prices have been on a wild ride, plunging to negative $1.855 on Friday amid multiple force majeure events on the El Paso Natural Gas Co. LLC pipeline.

View full article

here today, more tomorrow

We’ve launched briefing.center with a focus on the press and media.

And we’ve added Citizen Cartwright, a daily quick-read news summary by veteran Washington journalist Linda Cartwright. We’ve also created a new voting rights knowledge center for Citizen Cartwright subscribers. (You can sign up for a dedicated morning email at citizencartwright.com.)

You can sign up here for full access to press and media and Citizen Cartwright on briefing.center.

You can use briefing.center as the center of your information management, or just one of your tools. We’re happy to discuss your information needs.

Sign up