# Negative Natural Gas Pricing
**URL:** https://www.mineralrightsforum.com/t/negative-natural-gas-pricing/78637
**Category:** Howard County, TX
**Created:** [December 10, 2024, 2:16pm UTC](https://www.mineralrightsforum.com/t/negative-natural-gas-pricing/78637 "2024-12-10T14:16:38Z")
**Posts on this page:** 6
**Page:** 1
### Author:  [@DonnaL](https://www.mineralrightsforum.com/u/DonnaL)
#### Post date: [December 10, 2024, 2:16pm UTC](https://www.mineralrightsforum.com/t/negative-natural-gas-pricing/78637/1 "2024-12-10T14:16:38Z")
Natural Gas is still negative on royalty statements. Does anybody have any insight on when it will go back to positive?
---
### Author:  [@NMoilboy](https://www.mineralrightsforum.com/u/NMoilboy)
#### Post date: [December 10, 2024, 2:44pm UTC](https://www.mineralrightsforum.com/t/negative-natural-gas-pricing/78637/3 "2024-12-10T14:44:54Z")
Waha gas pricing went positive in mid-November. So probably won’t get a positive number for residue until February '25 (i.e. when you get paid for Dec gas). This is cyclical…you run out of takeaway capacity and prices go in the tank. The nadir of the cycle was 2Q-3Q24, but it will happen again in I guess 2-3 years. In my mind as a gross simplification, you get one year of almost HHub pricing, you get one year of 75% HHub pricing, you get one year of zero/negative pricing. Then it repeats as new pipe comes online and fills up. Fortunately most of the gas is rich enough in liquids that you still make a bit of money when Waha is zero or slightly negative.
> **[AEGIS Hedging : Permian Basin Gas Price and Fundamentals](https://aegis-hedging.com/insights/basis-brief-waha-gas)**
>
> Explore the impact of infrastructure on Waha pricing in late 2026 and 2027, and stay informed with Matterhorn pipeline developments reshaping forward curves. Get continuous updates and actionable insights with our regularly updated Permian Basin...
---
### Author:  [@DonnaL](https://www.mineralrightsforum.com/u/DonnaL)
#### Post date: [December 11, 2024, 4:36pm UTC](https://www.mineralrightsforum.com/t/negative-natural-gas-pricing/78637/4 "2024-12-11T16:36:06Z")
Thank You, appreciate the info
---
### Author:  [@DonnaL](https://www.mineralrightsforum.com/u/DonnaL)
#### Post date: [December 22, 2024, 4:20pm UTC](https://www.mineralrightsforum.com/t/negative-natural-gas-pricing/78637/5 "2024-12-22T16:20:06Z")
New question about negative gas sales on statements related taxes. We plan to ask our CPA a question about the negative gas prices. To me it looks like a depletion but with no expenses on the statement. Is there something the CPA should be doing when filing taxes? I am aware of cost depletion and depletion allowance.
---
### Author:  [@NMoilboy](https://www.mineralrightsforum.com/u/NMoilboy)
#### Post date: [December 24, 2024, 5:35pm UTC](https://www.mineralrightsforum.com/t/negative-natural-gas-pricing/78637/6 "2024-12-24T17:35:30Z")
Sorry, not the right person to give you any sort of informed answer here.
---
### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [March 10, 2025, 2:17pm UTC](https://www.mineralrightsforum.com/t/negative-natural-gas-pricing/78637/7 "2025-03-10T14:17:14Z")
This topic was automatically closed after 90 days. New replies are no longer allowed.