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    • Apr 24
    • 1 min read

Price-Driven Supply Cleanup in U.S. Gas Is Well Advanced

K4 expires this Fri Apr 26. 12M strip to increase by 11c to $3.00 all else equal



April 24, 2024


Key Observations:


  • Pipeline maintenance on Kinder Morgan's Gulf Coast Express Pipeline contributed to the subzero prices in cash markets in the Permian Basin throughout April. Repairs are likely to conclude by May 2, according to the company.



Source: Bloomberg, Kinder Morgan, Blacklight Research. Prices as of 23-Apr-2024 settlements.

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