West Texas Natural Gas Prices Go Negative for First Time in Two Years

Prices for near-term delivery plunge amid pipeline work
US, Europe are replenishing gas stocks ahead of winter

Permian Natural Gas Prices Plunge

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By Gerson Freitas Jr.

October 25, 2022 at 1:56 PM UTC

Updated on

October 25, 2022 at 4:35 PM UTC

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Natural gas prices in West Texas dipped below zero for the first time since 2020 as booming production overwhelms pipeline networks, trapping supplies in the region.

Gas for next-day delivery at the Waha hub in the prolific Permian Basin fell to around negative $2 per million British thermal units Tuesday, traders said. That compares with about $5 a week ago.