Highlights Houston Ship, Katy basis weaker vs. March 2021 Permian implied eastbound transmissions rising Midcon hubs offer attractive spread from Waha Widening basis discounts in the East Texas gas market are making the US Midcontinent an increasingly attractive destination for Permian Basin gas recently as shippers there begin seeking out a destination for growing West Texas supply. Receive daily email alerts, subscriber notes & personalize your experience. Register Now In March, cash basis at Houston Ship Channel has averaged about 36 cents discount to the Henry Hub. At the nearby Katy Hub, prices have trending about 34 cents behind the US benchmark. At both locations basis prices are down more than 20 cents this month compared with year-ago levels, data from S&P Global Commodity Insights shows. Weaker basis prices in the East Texas gas market this spring are likely due in no small part to rising utilization on the […]