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Signs afoot that producers beginning to respond to developing crunch in Permian takeaway capacity

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Listen: Signs afoot that producers beginning to respond to developing crunch in Permian takeaway capacity

Permian drilling has been brisk this year, with a stepped-up rig count in the West Texas/New Mexico basin and continued hikes in the volumes of crude oil that producers are able to extract from each well.
But getting the oil out of the basin to the best-paying refining markets on the US Gulf Coast is projected to be problematic as 2018 unfolds and should continue into 2019. Transportation by pipeline, rail and trucks may become more squeezed as oil volumes mount and each method presents a unique set of challenges.
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