September 2018, Vol. 245, No. 9

Features

Permian Gas Prices Fall as Production Continues to Grow

By Nicholas Skarzynski, U.S. Energy Information Administration (EIA) The natural gas spot price spread between the Permian Basin, as priced at the Waha Hub in western Texas, and the U.S. national benchmark Henry Hub in Louisiana has grown considerably in the past year.  Natural gas prices at Waha are nearly a dollar per million British thermal units (MMBtu) lower than Henry Hub prices. This spread widened as the ability to transport the increased natural gas production in the Permian Basin in western Texas and southeastern New Mexico was constrained by existing pipeline capacity.  Based on estimates in EIA’s most recent Drilling Productivity Repo

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