APA Corp. said Wednesday it curtailed about 35 MMcf/d of U.S. natural gas production during the first quarter, mostly during March.

The curtailment was “in response to weak or negative Waha hub prices.” Waha is the hub of record for the Permian Basin, which spans West Texas and portions of southeastern New Mexico.

Waha prices were negative for much of March and have mostly remained that way in April amid weak weather-driven demand and a massive supply overhang in the region. Negative pricing means producers have to pay shippers to take their gas. 

[Want to visualize Henry Hub, Houston Ship Channel and Chicago Citygate prices? Check out NGI’s daily natural gas price snapshot now.]

Prompt month and spot Waha prices both remained in negative territory as of Wednesday....