Gulf Coast Express Expansion Puts End to Waha's Negative Pricing Run
According to RBN Energy, the expansion of the Gulf Coast Express pipeline has brought an end to the negative pricing streak at the Waha hub in West Texas.
What It Means for Subcontractors
- Improved Waha pricing could prompt Permian Basin producers to resume deferred completion work, supporting near-term demand for well service and completions crews in West Texas
- Pipeline capacity additions generally reduce the basis risk that leads operators to curtail activity, which can stabilize workloads for field service companies in the region
