Highlights Dec ’21, Jan ’22, Feb ’22 basis prices down 30-35 cents Permian output nears prior record high at 14 Bcf/d US weather forecasts dampen heating demand outlook Winter forward basis at Waha is down sharply since the start of November amid a recent acceleration in Permian Basin production and drilling activity that comes just as the outlook for US seasonal heating demand begins to cool. Receive daily email alerts, subscriber notes & personalize your experience. Register Now In recent trading, the shifting supply and demand considerations have prompted a stunning selloff along Waha’s forward curve with basis prices for December, January and February falling more than 30 cents. After reaching a 20 cents premium to the Henry Hub earlier this month, Waha’s December contract has dipped into negative territory recently, settling Nov. 22 at a 16 cents discount to the benchmark. Both the January and February contracts have […]