Texas Waha natgas prices rise ahead of Gulf Coast pipeline start-up
https://finance.yahoo.com/news/texas-waha-natgas-prices-rise-171247...
That cut the premium of next-day gas at the U.S. Henry Hub <NG-W-HH-SNL> benchmark in Louisiana over Waha to a monthly low of $1.30 per mmBtu in August, its lowest since January when the spread was just 92 cents.
The Gulf Coast Express is designed to deliver about 2.0 billion cubic feet per day (bcfd) of gas from the Permian basin east to the Agua Dulce receipt point near the Texas Gulf Coast....
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After Gulf Coast Express enters service, several other gas pipes are expected to be built, which could further reduce Henry Hub's premium over Waha.
Those pipes include Kinder Morgan's 2.1-bcfd Permian Highway in 2020 and MPLX LP's 2.0-bcfd Whistler in 2021.
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Replies to This Discussion
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Permalink Reply by Skip Peel - Mineral Consultant on
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Lots of new natural gas pipeline capacity coming on line this year and next. This will put more negative pressure on natural gas prices. Great news for end users but bad news for operating companies and royalty interests.
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