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Permian Oil Production and Pipeline Capacity are Balanced, but How Long Will It Stay that Way?
Industry Segment: Pipelines | Word Count: 956 Words
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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