In a first ever, Permian forward gas prices settled in negative territory this week as the 2020 market outlook for pipeline capacity exiting the West Texas basin continues to deteriorate. Receive daily email alerts, subscriber notes & personalize your experience. Register Now On Tuesday, the April calendar-month contract was assessed at minus 2 cents/MMBtu. Forwards prices for May appeared to be headed in the same direction, ending the day at just 6 cents/MMBtu. As the gas market continues to sour on the Permian, the balance 2020 forward curve at Waha has lost more than half its value in the past month, settling at just 40 cents on Tuesday. In the cash market, the steady rise in Texas LNG feedgas consumption has helped to buoy prices […]