3.2 MILLION HANGRY BARRELS

摘要

It's August now, so the Permian's oil pipelines must be completely full. In June, they were at 95% of capacity. Analysts expect it to get worse before it gets better, with options on non-basis-hedged, Permian-weighted producers' shares seeing maximum pain around year-end. Why was anyone surprised? "Yeah," said Subash Chandra, managing director and senior equity analyst for Guggenheim Securities LLC. The equity market was focused on the upcoming gas takeaway bottleneck out of the Permian, which, according to several analysts' estimates, is happening right about now as well.