Plains Sees Permian Basin Barrels Flowing More Freely

摘要

Midstream company Plains All American says new pipeline capacity will help alleviate pressure on crude oil prices in the prolific Permian Basin producing region starting later this year. "We think [pipeline projects] should begin to debottleneck the Permian Basin starting late 2014," Chief Financial Officer Al Swanson said during an earnings call with investors and analysts on Thursday.