Highlights Houston Ship Channel Jan-22 basis falls 60 cents Permian output nears prior record at 14.1 Bcf/d Rigs, drilling, completions highest since Q1 2020 Recent growth in Permian Basin gas production appears to be keeping downward pressure on the East Texas market, helping to reset the outlook for balance-of-winter gas prices at key Gulf Coast area hubs. Receive daily email alerts, subscriber notes & personalize your experience. Register Now In recent trading, cash basis at locations like Houston Ship Channel, Katy Hub and Transco Zone 1 have fallen to a more-than-40 cents discount to the Henry Hub, down from year-ago levels at just 4 to 5 cents behind the benchmark, S&P Global Platts data shows. While the trend isn’t new, steeper discounts in East Texas are now becoming more frequent. After trading at less than 10 cents discount to the Henry Hub for much of this past summer, East […]