09 Jun 2023 | 19:50 UTC

Platts to keep Waha natural gas index methodology unchanged

Platts, part of S&P Global Commodity Insights, will leave the Waha daily (IGBAD00) and monthly (IGBAD03) natural gas index methodology unchanged and continue including trades at Oneok and Westex. In addition, trades at Agua Blanca pool will not be added.

This decision follows a period of market consultation after publishing a modified proposal note on May 2, 2023, which can be found here; https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/050223-platts-modifies-proposed-changes-to-waha-natural-gas-index-methodology.

In addition, Platts decides to not add the Agua Blanca Pipeline, Trans-Pecos Pipeline, Double E Pipeline, Comanche Trail Pipeline, Roadrunner Pipeline, and Red Bluff Express Pipeline to the Waha methodology for daily and monthly indices.

The Waha methodology will be as follows:

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 West Tex, Enterprise Texas Pipeline, Permian Highway Pipeline, and Gulf Coast Express Pipeline. Does not include Atmos Zone 3, Tolar Hub, Agua Blanca Pipeline, Trans-Pecos Pipeline, Double E Pipeline, Comanche Trail Pipeline, Roadrunner Pipeline, and Red Bluff Express Pipeline.

The full natural gas methodology can be found here; https://www.spglobal.com/commodityinsights/en/our-methodology/methodology-specifications/natural-gas/us-and-canada-natural-gas-methodology

Please send all feedback, comments, and questions to americasgaspricing@spglobal.com and pricegroup@spglobal.com by July 17, 2023.

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.