Platts Modifies Proposed Changes to Waha Natural Gas Index Methodology

Platts, part of S&P Global Commodity Insights, has modified the proposed changes to the Waha daily and monthly natural gas index methodology and is seeking feedback by May 19, 2023.

This revised proposal follows a period of market feedback after publishing a proposal note on March 17, 2023, which can be found here.

Platts proposes the following:

1. Continue to include trades at Oneok WesTex

2. Add trades at the Agua Blanca Pool near the Waha header

3. Do not add the Trans-Pecos Pipeline, Double E Pipeline, Comanche Trail Pipeline, Roadrunner Pipeline and Red Bluff Express Pipelines, or other portions of the Agua Blanca pipeline.

The proposed new Waha methodology would be as follows: Waha (daily and monthly): Deliveries into interstate and intrastate pipelines at the outlet of the Waha header system in the Permian Basin in West Texas. Pipelines and locations include El Paso Natural Gas, Transwestern Pipeline, Natural Gas Pipeline Co. of America, Northern Natural Gas, Delhi Pipeline, Oasis Pipeline, Atmos Zone 1, Oneok WesTex, Enterprise Texas Pipeline, Permian Highway Pipeline, Gulf Coast Express Pipeline, and the Agua Blanca Pool. Does not include Atmos Zone 3 or Tolar Hub.

The new methodology will become effective for trade date June 30 for flow dates July 1-5 for the daily indices and for June 26 for monthly indices, the first trading day of July bidweek.

The locations and symbols effected by this change would include the Waha Daily Final (IGBAD00) and Waha Monthly Final (IGBAD03) indices.

Please send all feedback, comments and questions to americasgaspricing@spglobal.com and pricegroup@spglobal.com. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.