Permian suffers from lack of pipes, but refiner-backed relief is on the way.

摘要

The current lack of pipeline capacity out of the Permian Basin shale play in west Texas is weighing on WTI Midland prices, which is the pricing point for Permian crude. Currently there is 3.1 MM b/d of Permian pipeline takeaway capacity, but Permian production was about 3.4MM b/d last month, which accounted for about 46% of all US shale production in Aug.