Rocky Mountain Area Natural Gas Daily Price Review – November 2025

Brian Jeffries

The charts below depict the daily cash price for natural gas at Opal and at the Cheyenne Hub for each day in November 2025. Also shown are prices at some key locations downstream from Wyoming going to the west and going to the midcontinent region and the price for Waha, TX which represents the Permian Basin. Canadian supplies from Alberta (through Kingsgate, ID, the purple line on the first chart) and from British Columbia (through Sumas, WA, the orange line on the first chart) remained low in comparison to prices in SW Wyoming.

The second chart includes lines for the difference between Opal (Rockies gas) and Sumas (British Columbia gas) and for the difference between Opal and Kingsgate (Alberta gas) and for the difference between Opal and the Permian Basin. A negative value in the orange, purple and dashed grey lines depicts the extent to which British Columbia gas, Alberta gas and Permian gas respectively were cheaper than Rockies gas in the daily market during November 2025.

There are two versions of each of the charts described above. Owing to Permian prices that were at times in the negative $1.00 range, the second version of each chart removes the Permian prices so the Y-axis is not so large as to reduce detail in the comparisons of other area prices.