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Permian oil booms, but pipelines can’t keep up

The United States is producing record volumes of oil, with nearly one-third of it coming from the Permian Basin. But rural West Texas can only use so much oil, which means energy companies need to get all that crude somewhere else. The San Antonio developer of the EPIC Crude Oil Pipeline said on Friday that it signed anchor customers to ensure the project has the financing to move forward. The proposed pipeline, which would trek 730 miles from near the New Mexico border to Corpus Christi, is slated to come online by the end of 2019. Other companies also are proposing new pipelines and expansions to try to catch up with the Permian’s production. -The Houston Chronicle Read more… 

May 14, 2018 General Discussion, General Discussion, Issues & Policy