11152018Thu
Last updateWed, 14 Nov 2018 4pm

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End-User News

Pipeline Constraints Cause Natural Gas Prices to Drop

“The natural gas price in the Permian Basin in west Texas has slumped so low this year that the annual average is on track for its lowest in 19 years, pummeled by record production and pipeline constraints that also have stymied crude transport out of the region,” Reuters  reports.

“Gas production, a byproduct of drilling in the nation’s largest oilfield, has hit record highs this year, filling available space on existing pipelines and forcing more companies to burn off, or flare, the fuel if they cannot find other ways to deal with it.” 

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