View full page at energyexch.com

 

Permian producers face diverging outlook for oil, gas in 2019

From spglobal.com

Producers in the Permian Basin are getting mixed signals from midstream markets in 2019, as increasingly unconstrained crude oil production continues to lift associated gas output to record highs, testing the limits of available takeaway capacity for the fuel.The startup of Plains All American Pipeline's 350,000 b/d Sunrise expansion at the end of 2018 marked the start of a period that should bring higher prices and more takeaway capacity for Permian crude. As oil production bottlenecks are eliminated, though, associated gas output is growing. According to S&P Global Platts Analytics, production averaging nearly 8.9 ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis