Drillinginfo: Takeaway relief on the may in Permian

摘要

The Permian Basin continues to be the most prolific oil field in the U.S.and,without much surprise,the lack of infrastructure to get more of the production to market has left the basin congested.But with bigger pipeline projects set to come online later this year and into 2021,the latest Drillinginfo report,”Permian to Gulf Coast Midstream,”presents a rosier outlook for long-haul takeaway capacity for crude oil,gas and NGL coming out of West Texas.That will be a huge relief after the Permian has suffered from lack of adequate takeaway capacity in 2018 and 2019,which sometimes pressured Midland differentials to large discounts vs.Cushing.Now with new long-haul capacity being added in the coming months,Midland differentials are likely to gain support.