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Permian Basin natural gas prices up as a new pipeline nears completion


  • Natural gas spot prices at the Waha hub in western Texas, located near Permian Basin production, settled at $1.55/million British thermal units (MMBtu) on August 15, the highest price since March 2019.
  • GCX will provide much-needed additional natural gas takeaway pipeline capacity from the Permian region of western Texas and southeastern New Mexico.
  • After GCX enters service, several additional new natural gas pipelines are currently planned from the Permian to the Gulf Coast, which may further reduce the Waha-Henry Hub price differential.



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