Permian Production Records Can't Tame West Texas Gas Prices

Natural gas prices in West Texas remained strong through September due to robust late-summer weather demand and elevated LNG feedgas consumption. Despite near-record Permian Basin production, these factors offset the impact of increased supply, keeping Waha natural gas prices in positive territory.

The Permian Basin has seen record production levels, but this growth has been met with expanded egress options, supporting continued growth in the region. Meanwhile, healthy demand for natural gas has kept Waha prices steady, even as production increases.