A whopping late January withdrawal of natural gas from storage in the South Central cut into excess supply, amplifying the effects of a widespread and bitter cold front that sent heating demand soaring and Permian Basin production into the doldrums.

NGI chart showing U.S. South Central region working natural gas in storage, including salt and non-salt facilities, weekly net change, year/year difference and comparison to the five-year average through Jan. 23, 2026, based on EIA data.

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At A Glance:

South Central storage pull of 89 BcfSurplus of gas narrows in regionPrices hold well above winter lows