Highlights Waha averages $2.74 discount to Henry Hub Permian outbound flows up 460 MMcf/d vs. 2021 Gas production averages 15.2 Bcf/d in October Cash basis prices at Waha are trading at their lowest in over five-years this month as weaker autumn gas demand and record Permian Basin production test the limits of midstream capacity in West Texas. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Month to date, spot gas at Waha has traded at an average $2.74/MMBtu discount to the benchmark Henry Hub – more than $2.30 below its October 2021 average and its weakest for the month of October in more than five years, data from S&P Global Commodity Insights shows. Historic basis price weakness at Waha started last month as Permian gas production edged up toward the mid-15 Bcf/d range. Producers’ push to boost output back toward record territory came […]