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Infographic: Expanded pipelines, port capacity connect Permian oil wells to the world

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Infographic: Expanded pipelines, port capacity connect Permian oil wells to the world

US crude exports jumped 45% in 2019, according to official year-end data released Wednesday by the US Census Bureau.

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S&P Global Platts Analytics expects pipeline and export capacity to be sufficient to handle Permian production this year, although sustained weak oil prices, capital flight risk and the coronavirus outbreak could pose major challenges to drillers boosting output in 2020.

Platts Analytics expects year-on-year US shale growth to fall to 800,000 b/d in 2020, from 1.2 million b/d in 2019.

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