SUBSCRIBER NOTE: Platts proposes El Paso, West Texas daily and monthly natural gas indices

In the Permian Basin, S&P Global Platts has observed that the Plains Pool price has significantly diverged from the Waha and Keystone Pool prices for a sustained period. Platts have engaged extensively with participants over the past few months in an effort to gather market information and feedback on possible methodology changes to the Platts El Paso, Permian Basin daily and monthly indexes.

Following a review of market feedback, Platts proposes to add new El Paso, West Texas daily and monthly indexes. The El Paso, West Texas index would be defined as:

El Paso, West Texas (daily and monthly): Deliveries into El Paso Natural Gas in West Texas from two pools: the Waha plant south (Waha Pool), and the Keystone station south to Waha (Keystone Pool).

Plains Pool will not be included in the new index. Platts will continue to publish the existing El Paso, Permian Basin indexes and will not make any changes to the methodology. The Waha, Keystone, and Plains Pools will continue to be included.

Platts proposes to launch the new monthly index starting January 25, 2019, for February 2019 bidweek and the daily index on January 31, 2019, for February, 1 gas flow.

Please send any comments to the proposal above to americasgaspricing@spglobal.com and pricegroup@spglobal.com by January 11. 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.