Is Waha Basis as Good as It Can Get? (Video)

June 5, 2020June 7th, 2020
Share
Print Friendly, PDF & Email

It’s a good time to hedge some Waha gas, as forward markets are near three-year highs.

Waha basis has been better in the past, but the network of basis prices in the U.S. has changed.

In our view, the pipeline corridors and destination markets determine basis pricing, and both of those variables suggest Waha’s recent price improvement might not have much more in it.
That is, unless Midwest pricing improves.

We continue to monitor oil, gas, NGLs, and regional markets for hedging opportunities. To learn more and see AEGIS opinion and recommendations, go to AEGIS View publications, or contact info@aegis-energy.com. Like what you see? Share this article with the button on the bottom right of your desktop. Market questions or comments? Contact us at view@aegis-energy.com

Access Our Deeper Market Insights

Product Factor Matrix

Proprietary view of priced-in factors driving the market vs. potential bullish and bearish surprises.

Learn More

Trading Recommendations

Clear trading recommendations based on real market opportunities that enable clients to take action.

Learn More

Market Data

A comprehensive suite of the latest curves, spot pricing, settles, and strips to drive confident hedging decisions.

Learn More

Benchmarking and Trade Analytics

Real-time access to analyze your hedging strategy against AEGIS benchmarks and current market activity.

Learn More