New Permian Takeaway Capacity Planned as Basin Production Grows

SUGAR LAND--March 21, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--As oil prices begin to recover, hopeful exploration and production (E&P) companies are turning their attention to drilling. Production in the Permian Basin, the last of the North American basins to experience a drop in crude-oil production, has returned to its highs just more than 2 million barrels per day (BBL/d). If the rate of recovery remains constant, the currently well-served Permian Basin is likely to find itself in need of new pipeline takeaway capacity in the not-so-distant future.

Within this article: Details on major pipeline projects that could redraw the map for crude-oil transmission and distribution, including one from Enterprise Products Partners LP (NYSE:EPD).