Spot delivery at the Waha hub in West Texas was $0.35/MMBtu on Monday, the first positive print since February and ending a 131-day streak of subzero prices. Hot weather, capacity gains after pipeline maintenance and signs of pipeline expansions push

2026-06-16

Spot delivery at the Waha hub in West Texas was $0.35/MMBtu on Monday, the first positive print since February and ending a 131-day streak of subzero prices. Hot weather, capacity gains after pipeline maintenance and signs of pipeline expansions pushed the rally. The move relieves pressure on regional producers such as Permian Resources and Devon Energy, which had idled high gas-to-oil-ratio wells to avoid further cash burn.