ESAI Energy’s pipeline database, published in this month’s North America Watch, estimates that 2 million bpd of the announced pipeline projects will be available to Permian basin producers by mid-2020, narrowing the Midland discount to Houston and Cushing and incentivising an increase in output.
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ESAI Energy’s pipeline assessments address the status and timing of proposed pipeline projects and estimate the impact these projects have on the origin and destination points in key markets.
In the next five years, potential pipeline projects could add over 5 million bpd to US destinations at Cushing and to USGC port locations, significantly increasing US crude oil exports.
Elisabeth Murphy, Analyst at ESAI Energy, however, points out that “not all of these projects may go forward, but the race to bring more capacity will be key in determining the amount and timing of production growth, not only for the Permian, but for the other US shale basins and the Canadian oilsands.”
Read the article online at: https://www.worldpipelines.com/project-news/20092018/eliminating-the-permian-bottleneck-by-2020/