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

Video Credit: Wochit News - Duration: 00:43s - Published < > Embed
Natural Gas Prices Fall To Record Low In Texas After Equipment Failure

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.

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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



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