Article via Aegis Hedging While oil and gas producers in the Permian Basin are undoubtedly concerned about gas prices, their response to economic forces, particularly in the gas market, has been limited. Oil remains the dominant revenue stream in the Permian, leading operators to prioritize oil operations that create an abundance of associated natural gas. Gas prices at the Waha Hub have suffered greatly in 2024 as gas production continually tests available outbound capacity. Permian producers often find themselves in a constant race to expand…
