Enterprise Products CEO: New Permian Oil Pipeline Unlikely

U.S. energy pipeline operator Enterprise Products is not considering adding a new crude oil line in the Permian Basin after consolidation has concentrated output into the hands of E&Ps promising fiscal discipline.

Reuters

U.S. energy pipeline operator Enterprise Products is not considering adding a new crude oil line out of the Permian Basin in West Texas, co-CEO Jim Teague said on Oct. 24

A wave of consolidation in the top U.S. shale basin has concentrated output in the hands of companies that are promising to restrain output so as not to crash prices by overproducing.

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Enterprise Products CEO: New Permian Oil Pipeline Unlikely

U.S. energy pipeline operator Enterprise Products is not considering adding a new crude oil line in the Permian Basin after consolidation has concentrated output into the hands of E&Ps promising fiscal discipline.

Reuters

U.S. energy pipeline operator Enterprise Products is not considering adding a new crude oil line out of the Permian Basin in West Texas, co-CEO Jim Teague said on Oct. 24

A wave of consolidation in the top U.S. shale basin has concentrated output in the hands of companies that are promising to restrain output so as not to crash prices by overproducing.

Comments

Add new comment

This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.