June 21, 2018
According to Scott, Sheffield, the Chairman of Pioneer Natural Resources Co., capacity to transport oil out of the Permian Basin is expected to reach capacity in the next three to four months. Mr. Sheffield indicated that some companies may have to shut in production or move rigs away given existing pipeline constraints.
June 13, 2018
On Tuesday June 12, ExxonMobil and Plains All American Pipeline announced a new pipeline project that would connect the Permian basin with the Texas Gulf Coast. The pipeline is intended to alleviate a bottleneck caused by rising production in the Permian Basin and rising oil prices. No estimated costs or construction schedule were announced.
June 4, 2018
The increasing value of oil has resulted in additional demand for pipelines to move oil and gas production from the Permian Basin to Houston and Corpus Christi.
May 11, 2018
Rick Perry expressed frustration with some state regulation of pipelines, suggesting that regulators should consider national security as part of the regulatory process.