Houston Energy Trading Conference 2026

15 October | Houston, TX

From Permian associated gas to hyperscaler power demand, the variables driving North American energy prices are shifting faster than traditional trading frameworks were built to handle. This half-day forum brings together Houston's energy trading community for an afternoon of sharp market intelligence, forward-looking analysis, and direct access to Wood Mackenzie's leading commodity analysts.

Whether you trade gas, power, or crude - or sit at the intersection of all three - this is where the conversation is happening.

Why attend

• Get ahead of the structural shifts reshaping the US gas, oil and power complex
• Hear from industry-leading experts: Gain insights from guest speakers, and Wood Mackenzie analysts whose models and market intelligence support trading desks across the industry.
• Network with traders, risk managers, and commercial leaders in an informal, high-signal environment
• Position for H2 2026 and beyond: Leave with a clear, actionable view of the emerging risks, structural floors, and cross-market opportunities defining the future of energy trading.

1:30 PM | Registration & Refreshments

2:15 PM | Welcome & Opening Remarks

2:35 PM | Panel: The associated gas trap - how crude oil prices are now writing the US natural gas supply curve 

• Is Permian associated gas now the single most important variable in the US natural gas supply curve?
• What are the producer implications of oil wells getting gassier?
• At what WTI price does associated gas overwhelm Permian takeaway, and do Blackcomb and Hugh Brinson reset the floor or simply delay the next constraint?
• How should traders structure Waha basis positions when the underlying driver is a crude price signal on a different desk?

3:25 PM | Panel: Behind the meter or in front of it - how data center power strategy is redrawing the gas–power connectivity map 

• Is the hyperscaler 'bring your own power' movement a structural infrastructure shift or a temporary workaround?
• What does behind-meter load defection mean for wholesale power pricing, congestion, and capacity auction clearing in PJM and ERCOT?
• How should traders price and position around data centers as a new class of direct, contracted gas demand - bypassing the power market entirely?
• Does Permian pipeline relief in H2 2026 make West Texas a preferred data center power hub, or does it intensify competition between LNG feedgas and power burn?
• At what gas price does behind-meter generation become uneconomic for hyperscalers - and who bears that risk?

4:15 PM | Keynote panel: The volatility machine - how gas supply constraints, oil market dislocations, power scarcity pricing & global LNG linkage are creating a new cross-commodity risk regime 

• Has the LNG export floor permanently changed Henry Hub downside, forcing traders to rebuild storage and price floor assumptions?
• With US crude inventories at minimum operational levels and Strait of Hormuz risk elevated, is the oil market in an unpriced fragility regime?
• How are oil traders recalibrating supply curves as Hormuz disruption redirects crude flows - and what are the downstream implications for refinery margins?
• How should traders price the risk of USMCA energy exemptions disappearing, and what is the cross-exposure for integrated North American positions?
• When a weather event hits gas and power simultaneously, as January 2026 showed, which positions survive and which hedging strategies work?
• Should gas traders watch PJM capacity auction prices as a leading indicator for their own demand curve?
• Which commodity demand curve moves first - gas, oil, or power?
• Are simultaneous cross-commodity shocks additive, or do they amplify each other in ways the market hasn't fully priced?
• Is the market structurally underhedged for this new regime - and are current instruments, from FTRs to transatlantic gas spreads, adequate?

5:05 PM | Key takeaways and closing remarks

5:15 PM | Networking drinks reception

Join us - register now