Transwestern - W. TX Daily Natural Gas Price Snapshot
Location
Transwestern - W. TX
Pointcode
WTXTWOTH
Region
West Texas/SE New Mexico
Avg. Price
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D/D Change
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Range
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Volume
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Deals
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Transactions within Transwestern Pipeline Co.’s West Texas Pool, which spans across Chaves, Eddy, & Lea counties, NM, and Loving, Pecos, Reeves, Ward and Winkler counties, TX.
October Nymex natural gas futures settled higher Thursday on some bullish implications from the latest storage data and potential lingering strong demand on the possibility that hot weather may continue through September.
Natural gas forwards slipped at the front of the curve for most locations alongside trimmed demand expectations for September, while hubs in Canada posted gains ahead of the nation’s first LNG export terminal.
In its debut run at the front of the Nymex natural gas futures curve, the October contract mustered momentum after a government inventory report met expectations and proved bullish relative to historical norms.
Natural gas futures reversed early steeper losses but held the downside following the latest storage data, which outlined a largely expected injection for the week ended Aug. 23.