Oil Rally Is Driving Texas Gas Prices Below Zero
Producers are bringing more wells online, adding fuel to a glutted market.
A natural gas flare stack at an oil well in Midland, Texas.
Photographer: Jordan Vonderhaar/BloombergWelcome to Energy Daily, our guide to the energy and commodities markets powering the global economy. Today, reporter Elizabeth Elkin looks at why gas prices are falling below zero in Texas. To get this newsletter sent straight to your inbox, you can sign up here .
There’s so much natural gas flowing from Texas wells that producers are paying customers to take it off their hands. They can blame oil prices.