New Pipeline Offers Some Relief For Permian Producers

Article via Aegis Hedging Permian gas prices received relief when a new pipeline came online in late September, but future maintenance will again reduce egress. Waha basis improved greatly in late third quarter once the new 2.5 Bcf/d Matterhorn pipeline came online. The Permian had been strained for takeaway capacity for much of 2024, causing nearly 40% of the year to print negative Waha cash prices. Now with an additional outlet, gas could leave west Texas a little bit easier. Prompt-month Waha basis improved from nearly -$3.00/MMbtu to -$1.00...