More pipelines needed to get Permian Basin oil to refineries
Fuel Fix:
West Texas oil production outgrowing pipeline capacityMatching infrastructure with increased production continues to be an issue. There are some new pipelines in the works, but they could be a couple of years from completion.
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“From the looks of it there could be several thousand barrels a day worth of midstream capacity shortages by the end of the year,” Mara Roberts, a New York-based analyst at BMI Research, said in a phone interview. “The rate of growth in takeaway pipeline capacity is going to be where the bottleneck is, and that will choke access to the market for producers.”
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