WTI: $84.85.
Thursday, April 18, 2024: 40 for the month; 40 for the quarter, 239 for the year
40141, conf, CLR, Veigel 8-9H,
39881, conf, Whiting, Van Buren Federal 5103 42-36 2B,
36086, conf, Hess, BB-Federal A-LS-151-95-0915H-7,
40140, conf, CLR, Veigel 7-9H1,
39466, conf, Hess, EN-Erickson-157-93-1003H-3,
RBN Energy: Permian pipeline takeaway constraints loom as Basin's oil output grows.
Crude oil output in the Permian Basin is now averaging 6.3 MMb/d, up about 400 Mb/d from year-ago levels and 800 Mb/d from April 2022. The gains — and related increases in associated gas — have spurred a new round of concerns about pipeline exit capacity, complicating drillers’ hopes to boost crude production. In today’s RBN blog, we will discuss the takeaway capacity issue and what it means for producers and pipeline operators, including those planning offshore crude export terminals.
Just for the fun of it, google Permian growth to slow.
When I did that, first hit, over at LinkedIn.
- dated February 9, 2024, this statement:
Although Permian production is anticipated to reach a new height of 5.974 million bpd, it signals the smallest monthly growth rate in recent times. Analysts project a deceleration in Permian growth compared to previous years, with forecasts ranging from an increase of 320,000 to 360,000 bpd.
And then this prominent link:
What a doofus.
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