Rebecca Elliott from the Wall Street Journal has a nice piece on pipeline construction in Texas, here… Here is just one of many nuggets:
“Morgan Stanley has projected slowdowns of three to six months for some of the area’s new pipeline projects, citing concerns about right-of-way acquisition and the complexity of proposed lines. It forecasts that lack of pipeline capacity will force drillers to curtail their activity next year, limiting annual oil production growth in the Permian to 360,000 barrels a day, down from Wall Street’s consensus estimate of 650,000 barrels.”
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