February 28, 2018 – Platts
Analyst: Without new Permian gas pipes, prices could go to 'negative infinity'
By: Bill Holland
The Permian Basin is running out of pipeline to take away natural gas associated with shale oil drilling, meaning producers may soon get just pennies for their million British thermal units, or worse, pay to have gas removed so the oil can flow, a veteran analyst said.
Speaking about possible limits on the continued growth of shale oil and gas production in the U.S., RBN Energy LLC CEO Rusty Braziel said there is 8.5...