Sunrise Pipeline

Although as everyone ought to know by now, overall crude prices have dropped more than 35% in the past six months, prospects for the prolific Permian Basin continue to look rosy. Wide price discounts experienced by Permian producers at Midland, TX versus West Texas Intermediate (WTI) crude delivered to Cushing, OK over the past 13 months have narrowed recently in anticipation of the Plains All American Sunrise pipeline coming online. Permian production has been surging all year and midstream companies continue to invest in and expand takeaway capacity. Today we review ongoing infrastructure plans to handle growing output.