Commodities
Waha Natural Gas Trading Volume Hits Record High Amid Permian Takeaway Demand
Spot natural gas trading volume at Waha set a record in July as buyers sought new Permian Basin takeaway capacity and were driven by relentless Texas heat.
The market, which had been long-suffering, saw volumes top the prior record by 15% that month. Spot prices remained positive throughout the entire period, with nine out of ten months since 2025 being among the biggest.
The new takeaway capacity and severe summer weather led to an increase in demand for natural gas in the West Texas market, resulting in higher trading volumes at Waha.