Subzero Natural Gas Prices Show Need for Energy Permit Reform, Shale CEO Says (opens original article in a new tab)

Negative natural gas prices in the Permian Basin highlight the need for energy infrastructure reforms, according to Ovintiv's CEO, as pipeline expansions begin to alleviate the crisis.

• Record negative natural gas prices in the Permian Basin due to oversupply and limited pipeline capacity
• Ovintiv CEO calls for streamlining energy infrastructure permitting to address price issues
• Recent pipeline expansions have started to reverse the negative pricing trend in the region
• Congressional negotiations on infrastructure permitting faced delays but have resumed with some project approvals