WAHA Natural Gas Price
Waha Hub natural gas spot benchmark for the Permian Basin. Regional supply, demand and transportation conditions influence prices, which can be negative. Access timestamped benchmark data through the OilPriceAPI REST API.
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GET /v1/prices/latest?by_code=NATURAL_GAS_WAHA → $1.46Get Waha by email for 21 days
A short weekday price email, including negative prices and the observation date. Free pilot; stops automatically, with no charge.
Start the Waha email pilotTurn today's hub price into a basis scenario
Compare Waha with the EIA Henry Hub daily spot on the latest date both series printed, stress either leg, and export a timestamped snapshot. Negative Waha values are valid.
Henry Hub is the EIA daily spot (NG.RNGWHHD.D), matched to the Waha settlement date.
The regional discount is material. Compare it with pipeline notices, maintenance, and source timestamps before acting.
Basis is a price differential, not a capacity reading. Check each source timestamp and corroborate with pipeline notices before using it operationally. Waha: 2026-10-27T00:00:00.000Z (current). Henry Hub spot (EIA daily): 2026-10-27T12:00:00.000Z (current). Basis status: ok (latest shared date within 14 days).
How Waha is priced
- What is the Waha hub? Where it is, which pipelines meet there, and how its daily and bidweek prices are set.
- Why do Waha gas prices go negative? The takeaway constraint, the 2026 record run, and what ended it.
Timestamped Updates
WAHA Natural Gas responses include source timestamps for workflow freshness checks
Freshness Metadata
Responses include timestamps so customers can monitor whether a benchmark is fresh enough for their workflow
API Integration
Simple REST API with comprehensive documentation and code examples
About WAHA Natural Gas
Market Overview
Waha Hub natural gas spot benchmark for the Permian Basin. Regional supply, demand and transportation conditions influence prices, which can be negative.
Key Information
- Category: Gas
- Unit: MMBtu
- API code: NATURAL_GAS_WAHA
- Freshness: timestamped response; cadence varies by source
Waha is a regional natural gas pricing hub in West Texas, serving the Permian Basin. Henry Hub is a separate benchmark in Louisiana. Comparing the two can help track regional pricing differences, but neither benchmark alone establishes a customer's delivered gas cost or available transportation.
Why Waha trades at a discount to Henry Hub
Much of the Permian Basin's gas is produced alongside crude oil as associated gas. Oil economics can sustain that production when local gas prices are low. If supply exceeds local demand and available takeaway, Waha can trade at a discount to other markets.
On this page, Waha basis means Waha minus Henry Hub, in USD/MMBtu. A negative result means Waha is cheaper. Compare prices for matching delivery periods and review both source dates; an unmatched pair is a scenario comparison, not a matched market basis.
How pipeline conditions affect Waha
Routes such as Gulf Coast Express, Permian Highway, Whistler and Matterhorn Express connect Permian supply to other markets. Additional usable takeaway can ease local constraints, but the price response also depends on production, demand and conditions on connected routes. Announced design capacity is not the same as capacity available on a particular gas day.
Maintenance can restrict particular segments, directions or services. Check the notice's effective dates, affected locations and revisions, together with alternative routes. Basis reflects regional pricing differences, including supply, demand and transportation conditions; it does not measure available pipeline capacity or prove that one outage caused a price move.
Who watches the Waha price
Producers and marketers monitor Waha for regional price exposure. Analysts can use a dated price and basis scenario in a recurring market report. For downstream buyers, the relevant delivered cost also depends on the contract benchmark, transport charges and access to the required route.
Data freshness
The source date identifies the assessment shown, not the time this page was rendered. Check the publication cadence and freshness status before using the value as a current price. An unchanged quote does not prove that a new assessment was published. Keep both price dates when exporting a basis scenario.
Last source timestamp: Oct 30, 2026, 12:00 AM GMT
WAHA Natural Gas FAQ
Why can Waha natural gas prices go negative?
Associated gas production can continue when oil production remains economic, even if local gas demand and available takeaway are limited. Under those conditions, sellers may accept a negative gas price. Negative prices are valid observations; they do not by themselves identify which physical constraint is binding.
How is Waha basis calculated?
Waha basis is Waha minus Henry Hub, in USD/MMBtu. A negative value means Waha trades below Henry Hub. Use matching delivery periods and check each source date. Basis reflects regional supply, demand and transportation conditions, but it does not measure available pipeline capacity.
What makes Waha different from Henry Hub?
Henry Hub is a U.S. benchmark in Louisiana; Waha is a West Texas pricing hub associated with Permian supply. Local supply, demand and transportation conditions can cause their prices to diverge. Neither price automatically represents the delivered cost at another location.
How often is the Waha price updated in the API?
OilPriceAPI returns the latest available Waha value with its source timestamp. Check the publication cadence and freshness status before using it as a current price. An unchanged value can reflect either an unchanged assessment or a missing update; the value alone cannot distinguish them.
Related benchmarks
The U.S. benchmark used in this page's Waha-minus-Henry-Hub basis scenario.
Europe's main gas benchmark - context for where Permian gas competes after liquefaction.
Asian LNG price context. A comparison with U.S. gas is a gross spread, not an LNG profit calculation.
Oil-price context for Permian associated gas production.
Integrate Timestamped WAHA Natural Gas Data
Get timestamped waha natural gas price data through the same API path powering this page. Start with one benchmark code and wire it into your workflow.
curl -H 'Authorization: Token YOUR_API_KEY' \ 'https://api.oilpriceapi.com/v1/prices/latest?by_code=NATURAL_GAS_WAHA'