May 22, 2018 – Investing Daily
Tapping the Permian’s Vast Hidden Wealth
By: Robert Rapier
…The Light, Sweet Spot
Oil production is booming in the Permian, which means the oil pipelines out of the region are full. This shale oil is called light and “sweet,” because it’s low in sulfur. New pipelines are being built, but there won’t be significant relief until 2019.
That’s somewhat bad short-term news for oil companies that operate in the Permian because it is causing Permian crude oil to trade at a significant discount to West Texas Intermediate in Cushing, Oklahoma or in Houston.
But the pipeline companies in the Permian are killing it.
Who are these companies? RBN Energy put together a nice graphic of the pipeline companies operating in the Permian:
Source: RBN Energy
Read the full article here: https://www.investingdaily.com/42139/hidden-value-in-the-permian
