Permian pipelines key to production growth: Fuel for Thought

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When Willie Chiang, chief executive officer of Plains All American, rose to address an audience at the Houston Petroleum Club in mid-September, his message was clear: crude production from the Permian Basin will continue to grow and timing will be a critical factor to build pipelines.

Delays will result in widening of price discounts for Permian crudes and prove to be counterproductive for producers, he noted.

Despite operators reducing breakevens in the Permian, they will always be wary of reducing exposure to wide variations in differentials…

 

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