Markets are expecting lower gas prices to return to the Permian Basin next year as surging production overwhelms West Texas again before key midstream capacity expansions enter service in 2021. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Over the past 10 months, the 2020 forward curve at Waha has witnessed a steady decline, with shoulder-season prices for April and May tumbling into the low 30 cents/MMBtu area — down from more than $1.70/MMBtu as recently as the first quarter, S&P Global Platts data shows. That evolution has tracked the market’s optimism for the basin’s production growth potential, but also its doubts over producers’ capacity to efficiently move that supply to market next year. Following […]