The Matterhorn Express Pipeline flowed 317 MMcf of natural gas to customers on Oct. 1, as activity on the long-awaited pipeline ramped up, according to East Daley Analytics.
The line will begin moving 180 MMcf/d to Williams’ Transco pipeline and 137 MMcf/d to Enbridge’s Texas Eastern Transmission Systems near Katy, Texas.
The line first started flowing small amounts of gas in August to September time frame, according to reports. Flowing small amounts of gas is part of a pipeline’s normal startup operation.
The Matterhorn Express is owned by a joint venture including Whitewater Midstream, EnLink Midstream (recently acquired by ONEOK), Devon Energy and MPLX. Whitewater is the line’s operator.
At capacity, the line provides 2.5 Bcf/d of natural gas egress from the Permian region to the Houston area.
According to East Daley, prices at the Waha Hub jumped by $0.34/MMBtu on Oct. 1 to $0.45/MMBtu and then hit $0.62/MMBtu on Oct. 2, joining a nationwide rising natural gas price trend.
Waha prices remain far below the national average. Thanks to low, flat supplies, warmer-than-average weather and storm threats in the Gulf of Mexico, the price of gas at the Henry Hub flirted with $3/ MMBtu for much of the first week of October. Prices have not spent a substantial amount of time above $3 since the beginning of June. On the morning of Oct. 4, the Henry Hub was trading at $2.92/MMBtu.
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