Permian Oil Production and Pipeline Capacity are Balanced, but How Long Will It Stay that Way?
Permian Oil Production and Pipeline Capacity are Balanced, but How Long Will It Stay that Way?
Attachment: Permian Production, Takeaway, Future Permian Production, Brent-WTI Spreads, Historic Permian Production
SUGAR LAND--October 9, 2019--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Infrastructure bottlenecks in the Permian Basin eased recently after two crude oil pipelines, EPIC Midstream's natural gas liquids pipeline conversion and Cactus II, began taking product away from that area. A third pipeline, Gray Oak, is expected to begin operating next month. The three pipelines will add outbound transport capacity of about 2 million barrels per day to the Permian Basin, the country's most prolific unconventional oil region.
Within this article: Details of Permian pipeline projects
Companies featured: Enterprise Product Partners LP (NYSE:EPD)
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