CXO - Hartstreet: The Permian Bottleneck Will Continue As Huge Well Results Continue
The Permian bottleneck has been one of the top stories of 2018. The opinion earlier in the year was production would decrease as differentials widened. This has not occurred to the degree expected. No one reason could articulate why, but the main narrative is production. Locations in the Delaware continue to outperform. This outperformance is so great that differentials have not slowed development. These types of results are limited to the core, but we are seeing multiple cores emerge in west Texas. There are a number of ways to play upcoming pipeline capacity, whether its