West Texas Gas Rises Above Zero for First Time in Four Months (opens original article in a new tab)

Natural gas prices in the Permian Basin rose above zero for the first time in four months, ending a 131-day streak of negative pricing, though analysts expect prices to remain slightly negative in the coming months.

• Drillers in the world's largest shale field received payment for natural gas production for the first time in over four months
• Waha Hub gas prices rose to 35 cents per million British thermal units, ending a 131-day period of sub-zero pricing
• Prices are expected to remain slightly below zero for June and July despite recent improvements
• Additional pipeline projects are needed for consistent positive prices at Waha Hub