This is a good example of how regional production volumes affect gas hub basis prices.
East Texas winter gas forward basis tumbles as Permian output, drilling accelerate
04 Jan 2022 spglobal.com
Highlights
Houston Ship Channel Jan-22 basis falls 60 cents
Permian output nears prior record at 14.1 Bcf/d
Rigs, drilling, completions highest since Q1 2020
Recent growth in Permian Basin gas productio…