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US Permian Gas Surge Set to Upend Once-Tight Regional Basis
The Permian Basin’s bounty of associated gas might be a curse for any supply holder coveting a tight basis to the Henry Hub. And as more gas flows east from the West Texas play, the price-dampening impact will only grow. Why? Because Permian producers are not interested in whether there is a market for the gas once it exits the basin, they are concerned about producing and profiting from the oil from which the gas rises. Even with the US gas market at 14-year highs, expansion and new build gas pipeline decisions have little to do with monetizing the commodity. And with 4.2 billion cubic feet per day of new takeaway ... (full story)
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- Posted: Sep 24, 2022 6:00am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 148
