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Even in 2020, when the COVID-19 pandemic turned global markets upside-down and the price of U.S. crude oil went negative for the first time ever, there were only nine days when Waha prices were ...
A natural gas glut in the US has sent prices for the commodity tumbling to multi-decade lows, down 43% over the past year.At West Texas's key trading spot, the Waha Hub, prices have been negative ...
Waha Oil Company (WOC; Arabic: شركة الواحة للنفط, shirkat al-wāḥa lil-nifṭ) is an oil company based in Tripoli, Libya, engaged in the fields of crude oil and natural gas exploration and production.
Natural gas prices, as with other commodity prices, are mainly driven by supply and demand fundamentals. However, natural gas prices may also be linked to the price of crude oil and petroleum products, especially in continental Europe.
In economics, negative pricing can occur when demand for a product drops or supply increases to an extent that owners or suppliers are prepared to pay others to accept it, in effect setting the price to a negative number. This can happen because it costs money to transport, store, and dispose of a product even when there is little demand to buy ...
Jul. 16—COYANOSA — The Waha Hub operates in semi-obscurity out here some 60 miles southwest of Odessa in Pecos County, but it is an indispensable part of the Permian Basin's natural gas industry.
The Permian is largely an oil field and due to a shortage of natural gas takeaway pipelines, prices of natural gas at the nearby Waha hub were negative for a number of stretches during 2024.
WOCs Waha fields currently produce around 350,000 bbl/d (56,000 m 3 /d). On 29 December 2005, ConocoPhillips and co-venturers reached an agreement with NOC to return to its oil and natural gas exploration and production operations in Libya and extend the 13-million-acre (53,000 km 2) Waha concessions another 25 years. ConocoPhillips operates ...