Permian on Track to 'Massively Overbuild Gas Pipelines

摘要

A years-long effort to build gas takeaway capacity out of the Permian Basin could leave the region "massively long" on pipelines by 2021 in an ironic twist that would leave producers holding a very expensive bag. In just over a year if pipeline in-service schedules are met, Permian oil producers — which are laying down rigs at a record pace — could be on the hook for 2 billion-3 billion cubic feet per day of unfilled take-or-pay gas pipeline capacity as their associated gas volumes plummet.