US NATGAS: Permian Natgas Fundamentals

Cooler-than-normal Midland weather alongside strong, steady Permian supply and robust outflows keeps structural pressure on Waha basis, with only minor day-on-day changes in regional balances and flows

• Permian week ahead weather forecasts are calling for cooler-than-normal weather, putting downward pressure on Waha. Midland cumulative HDDs increased by 1.35 compared with the prior forecast.
• Permian supply is 20.6 Bcf/d today, down 0 Bcf/d from yesterday and up 0.32 Bcf/d from last week.
• EPNG's maintenance schedule shows offline capacity at 1.346 bcf/d, flat since yesterday.
• Permian in-basin demand is 0.7 Bcf/d today, down 0.03 Bcf/d from yesterday and down 0.1 Bcf/d from last week.
• Permian total outflows are 13.3 Bcf/d today, down 0.04 Bcf/d from yesterday and up 0.33 Bcf/d from last week.
• Outflows to the west are 2.7 Bcf/d today, up 0 Bcf/d from yesterday and up 0.06 Bcf/d from last week.
• Outflows to the Gulf Coast are 7.6 Bcf/d today, down 0.04 Bcf/d from yesterday and up 0.15 Bcf/d from last week.
• Outflows to the MidCon are 1.5 Bcf/d today, up 0 Bcf/d from yesterday and up 0.12 Bcf/d from last week.
• All fundamentals data is BNEF. Current figures as of publishing.