Hitting the Permian Highway: Kinder Morgan (KMI) said it began full service on the Permian Highway Pipeline (PHP) on Jan. 1, boosting egress capacity by 2.1 Bcf/d out of the Permian and helping to tighten natural gas price spreads to the Gulf Coast. o The 430-mile PHP moves natural gas from the Waha hub in West Texas to Katy, outside Houston, where gas can be moved to other Gulf Coast markets or exported to Mexico. (MKI)(PHP)
(Light) Snow in the Permian: Our Permian gas production sample is down 390 MMcf/d, or 9%, so far in January 2021 vs. the last week of December 2020 after a snowstorm moved through West Texas last week and caused freeze-offs that curtailed production.
North American Energy Indicators and Equity Prices