Crude oil flows from the Permian Basin to Houston reached a record high in December 2023, totaling 2.47 MMb/d (blue line in graphic below), according to data from the Texas Railroad Commission. For the full year of 2023, 2.16 MMb/d were transported from West Texas to Houston, marking a 17% increase compared to the 1.85 MMb/d in 2022. With pipelines to Corpus Christi essentially full, most of the production growth in the Permian has been directed toward Houston, with some also going to Nederland. Enterprise recently repurposed its Midland to ECHO II pipeline for NGL service, now referred to as Seminole pipeline, reducing Permian takeaway capacity by 220 Mb/d.
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- Analyst Insight
Permian Crude Oil Flows to Houston Continue Record Setting Trend
Enterprise’s Midland-to-ECHO II (ME II) pipeline was converted to NGL service, temporarily removing 220 Mb/d of crude oil capacity from the Permian to Houston. Additionally, Permian Basin oil production decreased nearly 4% in January due to a cold snap. Despite these headwinds, flows from the Permian Basin to Houston yet again — for the third consecutive month in a row — reached a new record high in January 2024, totaling 2.55 MMb/d, according to data from our Crude Oil Permian report.
- Analyst Insight
Permian-to-Houston Crude Oil Flows Rebound
Permian Basin crude oil flows to Houston rose in May 2024 after two consecutive months of decline, following a six-month growth streak that culminated in a record set in February 2024.
- Analyst Insight
Permian-to-Houston Crude Oil Flows Fall for Second Consecutive Month
Permian Basin crude oil flows to Houston dropped in April for the second consecutive month, following six months of growth that culminated in a record set in February 2024.
