October 27, 2018 – Midland Reporter-Telegram
PBPA panelists say pipelines are just part of takeaway issues
By Mella McEwen
Filled-to-capacity pipelines that move Permian Basin crude, natural gas and natural gas liquids to the marketplace are just part of the region's takeaway capacity issues.
That was the message speakers at a panel discussion had for members of the Permian Basin Petroleum Association at its 56th annual meeting Thursday at the Petroleum Club.
Scott Potter, managing director of business development with RBN Energy, said that while natural gas production in the Permian has risen to 8.5 billion cubic feet since 2010, production in the Marcellus Shale has climbed from 2 Bcf to about 29 Bcf in that same time and is projected to approach 49 Bcf in the coming years.
A good portion of that natural gas will be headed to the Gulf Coast, Potter said, meaning Permian Basin producers will have competition from Marcellus producers for room on natural gas pipelines.
"There's not enough storage for natural gas. You have to produce it," he said.
Read the full article here: https://www.mrt.com/business/oil/article/PBPA-panelists-say-pipelines-are-just-part-of-13340131.php
