Rising prices draw Permian gas supplies to Midcontinent

2022-01-14

Natural gas flows from the Permian Basin to the US Midcontinent region are up by about 70 million cubic feet per day to more than 720 MMcf/d on average so far this month compared with December, according to S&P Global Platts Analytics. Strong demand due to cold weather lifted spot gas prices at Midcontinent hubs to $4.30 per million British thermal units on Jan. 13, the highest since late November, fueling competition for Permian supplies.

Full story:

API SmartBrief

News for the oil and natural gas industry

API SmartBrief is a FREE, daily email newsletter covering the oil and natural gas industry. It provides the latest news and information you need to stay informed about important issues impacting your business.