Permian Basin spot gas prices have been surging back toward annual highs in recent trading as West Texas production stumbles and rising LNG export demand pulls more supply eastbound to the Gulf Coast. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Over the past several trading days, the cash market at Waha is up about 70 cents/MMBtu. On Nov. 11, prices at the benchmark West Texas location were up another 3 cents to $2.52/MMBtu, preliminary settlement data from S&P Global Platts showed. In early October, a combination of short-lived factors pushed the market to a nearly 20-month high at $2.91/MMBtu. That move was followed by a sharp retracement in prices earlier this month. The current rally, though, could be more sustainable following recent […]