Permian Basin: Defying Expectations

- Feb 04, 2019-

The Permian basin continues to pump high volumes of crude despite takeaway constraints, higher costs and expectations of a slowdown in growth. 

Join us as we examine how the Permian exceeds expectations, leading to record high US output driven by oil majors and top independent producers, a midstream race to add pipelines, expand ports, and build offshore VLCC terminals. 

Join as we discuss: 

  • Macro, big-picture perspective on the Permian production outlook 

  • US majors betting on the basin

  • Update on 2019 operation/capex plans of top independent producers

  • What’s driving growth: Producers drill longer lateral wells, core up acreage and improve efficiency, offsetting cost increases.  

  • Status of pipeline takeaway capacity amid expansions and accelerated start ups

  • VLCC export projects, moving crude to global markets

  • WTI Houston Argus pricing, WTI fob Houston assessment

  • What could slow the Permian boom? 

    • Geology as a barrier: Permian productivity may slow as best areas get drilled out

    • Use of more sand and water not a long-term solution as reservoir quality deteriorates