Highlights Dec, Jan, Feb average falls 57 cents to $2.50/MMBtu Cash market craters on maintenance, weak demand Permian output likely to remain around 11 Bcf/d Permian forwards markets could retrace a recent, precipitous drop in winter gas prices as transitory, shoulder-season pressures on the cash market ease and longer-term fundamentals come back into focus. On Oct. 2, calendar-month prices for December, January and February settled at $2.04, $2.70 and $2.78/MMBtu, respectively, S&P Global Platts’ most recently published M2MS forwards data shows. After hitting multiyear highs in late September, winter 2020-21 gas prices at Waha have come under pressure recently, with the December contract falling nearly 80 cents from its high. Prices for January and February have recorded smaller losses of about 50 cents and 40 cents, respectively. Selling pressure on the winter curve has tracked a recent […]