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Gulf Coast Express Expansion Puts End to Waha's Negative Pricing Run

The Gulf Coast Express pipeline expansion has ended a streak of negative gas prices at the Waha hub, a potential signal of renewed completion activity for Permian Basin field crews.

FieldNews Staff |
Editorial image: Pipeline ends Waha pricing crisis - Gulf Coast Express Expansion Puts End to Waha's Negative Pricing Run

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
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