Thursday, January 9, 2020

Chicken Or The Egg -- Production Vs Takeaway Capacity -- Can't Have One Without The Other -- January 9, 2020

Over at GlobalData: North America will contribute 51% of global new-build crude oil trunk / transmission pipeline length additions by 2023. Link here. Data points:
  • build-out: between 2019 and 2023
  • North America (which includes, for newbies, Canada and Mexico)
  • by 2023, 29 new-build crude oil pipelines to start operations;
  • 16 are planned projects; 4,289 miles;
  • 13 are in early-stage announcements; 4,317 miles;
  • Liberty Oil Project: the longest upcoming announced pipeline in the region; 1,303 miles;
The narrative is "okay," but look at the graphic, this just blows me away, there's simply no comparison:


If I have the correct pipeline, this was on the blog, back on June 11, 2019:
June 11, 2019: $1.6 billion, 200,000 bopd, Liberty Pipeline proposed for North Dakota.
You know, for those keeping track, in the last two days two huge stories both involving North Dakota -- first it was Outrigger mentioned on Rigzone, and now the Liberty Pipeline mentioned on GlobalData.