Permian gas prices face a turbulent road ahead, with stability likely only arriving once significant new pipeline capacity becomes operational in late 2026 and early 2027. But didn’t the region just gain a 2.5 Bcf/d takeaway pipeline with Matterhorn? Yes, but much of this relief is likely already priced into the forward curve. As the basin grows into this new capacity, Permian gas could face challenges until the anticipated late 2026 expansions. The forward curve shown above illustrates how Waha is priced for future delivery. Between spring…
