Texas Matterhorn Pipeline Starts Moving Gas Out of the Permian

The Matterhorn natural gas pipeline in Texas has begun moving small amounts of gas from the Permian basin in West Texas toward the Gulf Coast, energy executives at U.S. oil and gas company Permian Resources (NYSE:PR) have revealed. Currently under construction, the Matterhorn will move large volumes of gas that has been trapped in the Permian basin, causing prices at the Waha Hub in West Texas to turn negative. According to executives at Permian Resources, Waha gas prices should more consistently price in positive territory as more gas flows through…