Natural Gas Prices Fall To Record Low In Texas After Equipment Failure

Credit: Wochit News
Published on March 20, 2019 - Duration: 00:43s

Natural Gas Prices Fall To Record Low In Texas After Equipment Failure

According to a report by Reuters, on Wednesday, natural gas prices at the Waha hub in West Texas plunged to record lows due to an equipment failure in New Mexico that stranded gas in the Permian basin.

Spot prices at the Waha hub collapsed to an average of 12 cents per million British thermal units for Wednesday.

The equipment failure was reportedly on El Paso Natural Gas Pipeline's Lordsburg and Florida compressor stations.

Advertisement

Natural Gas Prices Fall To Record Low In Texas After Equipment Failure

WEDNESDAY, FEB.

25, 2015, FILE PHOTO MANDATORY CREDIT.

AN OCT.

9, 2018, FILE PHOTO, FEB.

17, 2016 FILE PHOTO MANDATORY CREDIT; MAY 18, 2015 FILE APRIL 23, 2018, FILE PHOTO AP PROVIDES ACCESS TO THIS THIRD PARTY PHOTO SOLELY TO ILLUSTRATE NEWS REPORTING OR COMMENTARY ON FACTS DEPICTED IN IMAGE; MUST BE USED WITHIN 14 DAYS FROM TRANSMISSION; NO ARCHIVING; NO LICENSING; MANDATORY CREDIT APRIL 24, 2015, FILE PHOTO

You are here

Recent related news from verified sources

Natural gas prices at the Waha hub in West Texas are negative again this week, for the first time since plunging to an all-time low of minus $4.28 per million...
2 days ago • OilPrice.com

Capstone Turbine Corporation (NASDAQ:CPST), a clean-tech manufacturer of microturbine energy systems, announced Wednesday that its regional distributor secured a...
2 days ago • Proactive Investors

Recent related videos from verified sources

Gas Stations Agree To Refund Customers For Hurricane Harvey Price Gouging 00:47
Credit: CBS 11 Dallas - Published 2 days ago 

Chesapeake Utilities Wants to Raise Dividend in 2020, CEO Tells TheStreet 02:25
Credit: The Street - Published 4 days ago 

NYS Regulators Turn Down Natural Gas Pipeline 00:43
Credit: CBS 2 New York - Published 1 week ago 

Natural Gas Tariff Impacts
Credit: WEVV - Published 1 week ago 

China Drops New Tariffs On $60 Billion Of US Goods 00:34
Credit: Wochit Business - Published 1 week ago 

Texas Gas Prices Drop For First Time In 14 Weeks 00:32
Credit: CBS Dallas Digital - Published 2 weeks ago 

Kentucky Duke Energy bills hop higher for spring 02:07
Credit: WCPO Cincinnati - Published on April 26, 2019 

Dakota Access Pipeliner Company Bought Anti-Pipeline URLs 01:02
Credit: Wochit News - Published on April 25, 2019 

You might like