Production falls Waha balance-of-the-month-contract 26 cents weaker than spot market Houston — Waha and El Paso Permian cash natural gas prices traded in positive territory Monday for the first time in over two weeks as a decline in regional production and the end of maintenance coincided. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Waha jumped $1.71 cents compared with Friday and was changing hands at 42 cents/MMBtu, while El Paso Permian rose 62 cents to 32 cents/MMBtu. The balance-of-the-month contract for Waha was trading at 15.6 cents/MMBtu, 26 cents weaker than the spot market, indicating that prices may dip again. Over the past two weeks, the spot Waha price averaged negative $1.45/MMBtu, dropping as low as negative $5.79/MMBtu on April 4. During the same period, the El Paso Permian cash price averaged negative $1.09/MMBtu, wandering between negative $5.25/MMBtu and negative 19 cents/MMBtu. The […]