Waha West Texas/SE New Mexico Natural Gas Prices

Published: Jan 1, 2020
Bidweek Change
-0.315
-22.40%
Year/Year Change
-0.435
-28.50%
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Region Location
Wtxwaha_jan2020_647d082f-3ff5-4750-ad51-dbb913e3cf76

Waha Description

Contains transactions at the Waha Hub in the northern area of Pecos County, TX. We include the following in our Waha index, all of which lie in or near Pecos County: 1.) deliveries from El Paso Natural Gas into various pipelines, including Atmos, Enterprise Texas, Northern Natural, and Oasis; 2.) transactions at Southern Union Gas Services' Waha/Encina Header; 3.) sales of tailgate gas from Regency Energy Partners' 125 MMcf/d Waha Gas Processing Plant;4.) deals into the beginning of the Energy Transfer Fuel System; and 5.) transactions in and out of the Enstor Waha Storage Hub, which connects to the same four pipelines as listed in point #1, as well as Oneok West Texas, El Paso, and Transwestern.
EIAStorage0116

Flash of Volatility For New England Cash as Winter Continues Disappointing Natural Gas Markets

Hints of volatility in the Northeast and moderation out West highlighted a relatively uneventful week of winter trading in the natural gas spot market during the Jan. 13-17 period; NGI’s Weekly Spot Gas National Avg. picked up 13.0 cents to $2.155/MMBtu.

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Natural Gas Futures ‘Crushed’ by Mild Weather; Prompt Month Holds Just Above $2/MMBtu

Sub-$2 natural gas futures could be a matter of “when” and not “if” absent more intimidating winter weather, as a much warmer forecast Friday prompted a sell-off that had the front month testing that psychologically significant barrier. February Nymex futures fell 7.4 cents to settle at $2.003/MMBtu after dropping as low as $1.994; March settled at $1.985, down 6.1 cents. Read More

Natural Gas Futures Rally as ‘Weekend Risk’ Expected From Forecasts

The prospect of a return to something resembling winter temperatures later this month provided enough impetus Friday to lift natural gas futures ahead of another potentially pivotal weekend of weather data. The February Nymex contract picked up 3.6 cents to settle at $2.202/MMBtu; March settled at $2.168, up 2.0 cents. Read More
EIAStorage0103

Winter Weather Underwhelms as Weekly Natural Gas Spot Prices Grind Lower

The start of a new year and a new decade brought the same underwhelming winter weather that kept the pressure on natural gas prices to close out 2019; heavy discounts along the East and West coasts during the trading week ended Jan. 3 dropped NGI’s Weekly Spot Gas National Avg. 11.5 cents to $1.970/MMBtu.

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EIAStorage0103

Natural Gas Futures Steady as Market Waits for Signs of Cold

On a day when Middle East tensions roiled oil markets and dominated energy headlines, natural gas futures turned in a quiet session Friday, with continued warmth... Read More
EIAStorage0103

Natural Gas Traders Keep Powder Dry as EIA Storage Number Lands Near Consensus

The Energy Information Administration on Friday reported a 58 Bcf weekly net withdrawal from U.S. natural gas stocks that came close to... Read More
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Natural Gas Bidweek Prices Tumble as Record Warmth Set for January

With January projected to be one of the Top-10 warmest on record, the double-digit decreases in bidweek prices reflect just how much things can change in a year. NGI’s January Bidweek National Avg. dropped 26.0 cents to $2.565.

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‘Heavily Overweight’ Shorts May Be Behind Natural Gas Futures’ Bounce to Close Out 2019; Cash Drops

Although eager to put 2019 in the rearview mirror, natural gas bulls managed to close out the year on a slightly positive note, sending futures a few ticks higher during the final trading session of the decade. The February Nymex gas futures contract settled Tuesday at $2.189/MMBtu, up three-tenths of a cent from Monday’s close. March rose just .001 cents to $2.158. Read More

Natural Gas Futures’ Decline Puts March/April Spread to Within Penny; Cash Rebounds

After struggling to hold their head above water, natural gas futures sank Monday as sustained cold weather remained absent from long-range forecasts. The February Nymex gas futures contract, in its first day in the prompt-month position, settled at $2.186/MMBtu, down 4.5 cents from Friday’s close. March slipped 1.6 cents to $2.157. Read More
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Toasty Temperatures Push Natural Gas Weekly, Futures Prices Lower in Final Week of 2019

Unseasonably warm weather combined with weak holiday demand to drive natural gas prices much lower for the Dec. 23-27 week. Driven by a substantial sell-off in the Northeast, and notable declines in West Texas, the NGI Weekly Spot Gas National Avg. plunged 84.5 cents to $2.085. Read More