Basis prices at South Texas natural gas hubs are at significant premiums to year-ago levels this month as strong exports and lower production tighten the supply-demand balance in the Lone Star State. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At key trading locations across the region, including Houston Ship Channel, Texas Eastern STX and Tennessee Zone 0, basis prices are up 11 cents, 12 cents and 16 cents/MMBtu, respectively, month to date this December compared to 2019, S&P Global Platts data shows. While prices across most of Texas continue to trade at a discount to the Henry Hub, cash-market averages have recently moved closer to price parity with the benchmark index. At Houston Ship Channel […]