Natural gas prices fall to record lows as crude strengthens Some regional gas processing plants are starting to flare 2 million b/d of crude pipeline takeaway capacity expected this year New York — The price gap between Permian Basin oil and gas will continue to widen as steady demand for crude continues to overwhelm oversupplied natural gas markets, an analysis by S&P Global Platts showed Monday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Permian natural gas prices have fallen to record lows as planned maintenance on key transmission lines strands gas, forcing some regional gas processing plants to flare, according to recent filings with Texas state regulators. However, as takeaway crude pipeline capacity grows, so does demand for oil, pulling up gas production along with it. Disparity between value of the two hydrocarbons will be heightened by a spate of work on natural […]