Permian producers hit the brakes on output as negative prices linger

Permian Basin natural gas producers are dialing back output in late March as falling shoulder-season demand and pipeline maintenance continue to fuel price volatility at West Texas hubs. Over the past week, gas production from the Permian Basin has retreated to an average 21.8 Bcf/d which is down about 1 Bcf/d from highs recorded in ...