Rocky Mountain Area Natural Gas Daily Price Review

Brian Jeffries

The charts below depict the daily cash price for natural gas at Opal and at the Cheyenne Hub for each day in October 2024.  Also shown are prices at some key locations downstream from Wyoming going to the west and going to the midcontinent region and the price for Waha, TX which represents the Permian Basin.

Because spot prices in the Permian Basin are so far below prices in the Rockies, there are four versions of the typical monthly price charts. This was done to provide charts with and without Permian Basin prices represented in the charts. The wide difference between Permian Basin prices and the other depicted prices compresses the y-axis when Permian Basin prices appear on the same chart as Rockies Prices. That compression makes it harder to see differences between points in the Rockies.

The jump in prices at Malin, OR, the BC/WA border at Sumas, WA and to a lesser extent at Opal, WY for a few days at the end of October can be attributed to maintenance that reduced capacity on the Gas Transmission Northwest (GTN) pipeline that runs from the BC/ID Border to Malin, OR. The GTN line is typically full at the BC/ID border point so the temporary reduction in supply reaching Malin via GTN affected prices at Sumas, Opal and Malin.

Representative pricing for baseload gas at points on the grid (US$/MMBtu) – November 2024