Platts proposes to include Agua Blanca Pool in Waha natural gas index methodology

Platts, part of S&P Global Commodity Insights, proposes to include transactions done at the Agua Blanca Pool in its Waha daily (IGBDA00) and monthly (IGBDA03) natural gas index methodology.

The proposed change results from market feedback and analysis that Agua Blanca Pool trades are reflective of the Waha market.

Platts continues to seek feedback on the inclusion of ONEOK WesTex in the Waha daily and monthly indexes. Platts will analyze the impact of the startup of the Matterhorn Express Pipeline together with market feedback to determine whether further change is required.

The addition of Agua Blanca Pool trades to the Waha daily index would begin to take effect for next-day trading done on Oct. 31, 2024, for delivery Nov. 1, 2024. For the monthly index, the proposed changes would begin to apply to trades done during November bidweek (Oct. 25-29, 2024) for delivery starting Nov. 1, 2024.

This methodology proposal follows a consultation notice published Aug. 21 seeking feedback on whether transactions on the ONEOK WesTex Transmission pipeline system should remain in the Waha price index, and whether transactions done at the Agua Blanca Pool should be added to the Waha price index. A link to that subscriber note is available here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/082124-platts-seeks-feedback-on-waha-natural-gas-index-methodology

The full US and Canada natural gas methodology and specifications guide can be found here: /content/dam/spglobal/ci/en/documents/platts/en/our-methodology/methodology-specifications/US_Canada_Gas.pdf

Please write to AmericasGasPricing@spglobal.com and pricegroup@spglobal.com with feedback by Oct. 15, 2024, indicating whether the feedback should be kept private and confidential. Feedback not marked as such may be made available for public viewing upon request.