Key facts
- Natural gas spot prices in Waha and Permian have been negative since February 5.
- This indicates an oversupply in these specific regions.
Natural gas spot prices in the Waha and Permian regions of the United States have fallen into negative territory, a condition that has been ongoing since February 5. This phenomenon typically signals an oversupply of natural gas in these specific locations, where the cost to transport the gas outweighs its market value, leading producers to pay to have it removed.