Natural Gas Prices in Texas

The West Texas Intermediate (WTI) crude oil price, in dollars per barrel, is converted to $/MMBtu using a conversion factor of 5.80 MMBtu per barrel. The dates marked by vertical lines are the NYMEX near-month contract settlement dates.

Graph Explanation

Texas Natural Gas Prices :

Rates

Comparison

Data Series

Period:

May-06

Jun-06

Jul-06

Aug-06

Sep-06

Oct-06

Wellhead Price

6.19

5.80

5.82

6.51

5.51

5.03

Imports Price

6.53

5.82

By Pipeline

6.40

5.78

As Liquefied Natural Gas

7.09

6.02

Exports Price

6.58

6.07

By Pipeline

6.56

6.01

As Liquefied Natural Gas

6.80

6.79

City Gate Price

7.86

7.22

7.13

7.97

7.54

6.38

Residential Price

14.39

14.98

15.67

16.11

15.46

12.74

Commercial Price

11.54

11.02

10.91

11.18

11.09

10.14

Percentage of Total Commercial Deliveries

76.4

71.8

69.3

66.5

69.4

73.8

Industrial Price

7.64

6.92

6.79

7.38

7.19

5.70

Percentage of Total Industrial Deliveries

22.3

21.7

22.1

20.6

21.3

Electric Power Price (New Definition)

6.87

6.67

7.52

Texas Natural Gas Spot Price

Working Gas in underground storage directly affects the daily electric market price rates in Texas. The reason for this is because the Texas Market Clearing Price for Energy has a 90% correlation with the natural gas market rate. Due to supply and demand factors the natural gas storage report has a daily affect on electric rates in Texas. View the graph: Working natural gas in storage comparison with 5 year Range.

Texas Average Natural Gas Rate:

City Gate:

*Average Rates as of October 2006

$5.35/thousand cu ft

Moderate temperatures in Texas continue to support a favorable natural gas surplus causing gas and electricity rates to go down.

Natural Gas Storage Report Analysis:

The market overall shows an upward trend in natural gas storage surpluses for the next few weeks but this is unlikely to continue for long.

*Average Rates as of October 2006

7.68 cents/kWh

Industrial

10.01 cents/kWh

Commercial

Texas Average Commercial Electricity :

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Quick Facts :

Texas leads all other States in both total production and consumption of energy.
Texas leads the Nation in both oil and gas production when output from the Federal Outer Continental Shelf is not included.
With more than one fourth of U.S. oil refining capacity, Texas is the Nation’s leading refining State.
Texas is the largest producer of wind power in the United States, with about 1,600 wind farms installed in West Texas alone.
The Colonial Pipeline, originating in Houston, is the largest refined product pipeline in the United States.
The Texas Interconnect power grid, which serves most of the State, is one of only three power grids in the continental United States.

Texas Natural Gas Facts

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The price of the NYMEX futures contract for January delivery decreased $0.904 per MMBtu since last Week, settling at $6.769 per MMBtu this week (December). This marks the first close under $7.00 per MMBtu for the January 2007 contract since early 2005, although other near-month contracts have traded at this level more recently. Prices of all futures contracts at the NYMEX moved lower this week with indications of colder weather and higher demand lacking. Texas Electricity rates should follow.

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