Natural gas prices at the Waha Hub near Coyanosa have fallen to zero, according to local producers. "Most of the gas in the Delaware Basin portion of the Permian is delivered to plants near Coyanosa commonly referred to as 'Waha.' This plant has so much gas available that it outruns their delivery Contains transactions at the Waha Hub in the northern area of Pecos County, TX. We include the following in our Waha index, all of which lie in or near Pecos County: 1.) deliveries from El Paso Natural Gas into various pipelines, including Atmos, Enterprise Texas, Northern Natural, and Oasis; 2.) transactions at Southern Union Gas Services' Waha Natural Gas (Platts IFERC) Basis Futures Quotes Globex. All market data contained within the CME Group website should be considered as a reference only and should not be used as validation against, nor as a complement to, real-time market data feeds. "NATURAL GAS-NYMEX" means that the price for a Pricing Date will be that day's Specified Price per MMBtu of natural gas on the NYMEX of the Henry Hub Natural Gas Futures Contract for the Delivery Date, stated in U.S. Dollars, as made public by the NYMEX on that Pricing Date. During a recent three hour period of natural gas trading at the Waha Hub (in West Texas), the price of gas went to negative 1 cent per thousand cubic feet (Mcf). You read that right. Someone was paying someone else to buy the gas from them! Why? Too much “associated gas” being produced in the prolific Permian Basin, and not enough pipelines Because of overproduction, lack of pipelines, and an existing pipeline down for maintenance, natural gas sellers at the Waha natural gas trading hub (in West Texas) are actually paying buyers to take the gas off their hands–up to an amazing $5 per thousand cubic feet!!!!
Rising volumes of associated natural gas production from accelerating oil-directed drilling in the Permian, along with growing demand downstream in Mexico and along the Texas Gulf Coast, are placing renewed importance on a key West Texas trading hub and pricing point — Waha. Permian gas production climbed almost 900 million cubic feet/day (MMcf/d) during 2016 to nearly 6.0 billion cubic feet (Bcf/d), and is up another 400 MMcf/d since then. The Waha Storage Hub Project is owned by Enstor Gas, LLC and located in Reeves County, Texas, near the Waha trading pool in West Texas. (281) 374-3050 info@enstorinc.com
Trading Screen Product Name: NG Index IF for GDD Futures; Trading Screen Hub Name: Waha; Commodity Code "NATURAL GAS-PERMIAN BASIN ( WAHA)-GAS DAILY" means that the price for a Pricing Date will be that day's Specified Physical Natural Gas delivered firm at specified location for a pre-determined NG Firm Phys, ID, GDD; Trading Screen Hub Name: Waha; Commodity Code. Given that Permian natural gas prices are once again hovering under After prices tumbled to fresh lows in late April, with the Waha hub trading as much as
6 Nov 2018 North American natural gas bets are moving closer to the nerve largest physical trading volumes, Louisiana's Henry Hub -- the benchmark for 17 Oct 2018 Currently, Henry Hub seems dislocated from other natural gas Both Dominion South and Waha are trading at a significant discount to Henry There are several types of natural gas, and contracts, which can be traded. The most heavily traded contract, preferred by day traders, is the Henry Hub Natural Rising volumes of associated natural gas production from accelerating oil-directed drilling in the Permian, along with growing demand downstream in Mexico and along the Texas Gulf Coast, are placing renewed importance on a key West Texas trading hub and pricing point — Waha. Permian gas production climbed almost 900 million cubic feet/day (MMcf/d) during 2016 to nearly 6.0 billion cubic feet (Bcf/d), and is up another 400 MMcf/d since then.
Waha Description. Contains transactions at the Waha Hub in the northern area of Pecos County, TX. We include the following in our Waha index, all of which lie in or near Pecos County: 1.) deliveries from El Paso Natural Gas into various pipelines, including Atmos, Enterprise Texas, Northern Natural, and Oasis; During a recent three hour period of natural gas trading at the Waha Hub (in West Texas), the price of gas went to negative 1 cent per thousand cubic feet (Mcf). You read that right. Someone was paying someone else to buy the gas from them! Natural gas hubs tend to be at the heart of gas infrastructure networks such as pipelines and liquefied natural gas (LNG) terminals. The hub is used as a central pricing point for the network’s natural gas. In some cases, a financial derivative contract is priced off gas delivered at this point as well. Waha natural gas cash prices traded as low as a negative…yes negative…$6.60/MMBtu on April 3 and averaged for the day nearly $3.75/MMBtu below zero. Permian producers are paying for the right to produce oil, avoid flaring, and potentially not see producing wells shut-in due to natural gas pipeline constraints. Natural gas prices at the Waha Hub near Coyanosa have fallen to zero, according to local producers. "Most of the gas in the Delaware Basin portion of the Permian is delivered to plants near Coyanosa commonly referred to as 'Waha.' This plant has so much gas available that it outruns their delivery