Spot natural gas prices for Wednesday flow at Waha and nearby delivery hubs in West Texas fell into negative territory as pipeline maintenance prevented some gas from leaving the basin and mild, spring-like weather reduced demand.

Waha Hub spot prices for next-day delivery tumbled 72.0 cents day/day to minus 54.5 cents. The last time Waha’s spot averaged in the negatives was on Oct. 24, 2023, at minus 24 cents, NGI’s daily historical data show.

Elsewhere in the region, an 81.5-cent loss at El Paso Permian sent the average to minus 52.0 cents, and Transwestern tumbled 63.5 cents to minus 53.5 cents, according to NGI daily spot gas price data. 

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