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NATGAS: Matterhorn Pipeline Moving Some Gas: Reuters

NATGAS
Energy BulletsBulletPower BulletsCommodities

The Matterhorn Pipeline in Texas was moving small amounts of gas from the Permian basin in West Texas towards the Gulf Coast, executives said, cited by Reuters.

  • "The Matterhorn is online and moving little bits of gas," Permian Resources executives said cited by Reuters, noting the pipe should be "moving a real amount of gas in the next few months and we're hoping to at least see Waha turn positive."
  • Gas prices at Waha have averaged below zero for a record 33 days in 2024 to date, including a record low of minus $4.80/MMBtu Aug. 29.
  • Waha is under pressure due to a lack of pipeline capacity to move gas out of the Permian, a problem Matterhorn will help alleviate.
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The Matterhorn Pipeline in Texas was moving small amounts of gas from the Permian basin in West Texas towards the Gulf Coast, executives said, cited by Reuters.

  • "The Matterhorn is online and moving little bits of gas," Permian Resources executives said cited by Reuters, noting the pipe should be "moving a real amount of gas in the next few months and we're hoping to at least see Waha turn positive."
  • Gas prices at Waha have averaged below zero for a record 33 days in 2024 to date, including a record low of minus $4.80/MMBtu Aug. 29.
  • Waha is under pressure due to a lack of pipeline capacity to move gas out of the Permian, a problem Matterhorn will help alleviate.