MMLP - Midstream Weekly Recap: Permian Oil Production Is Increasing And These G&Ps Will Benefit
- Midstream got clobbered in a “risk-off” move, with G&Ps bearing the brunt of the selloff.
- Major E&Ps have been guiding for higher domestic production in their first quarter earnings calls.
- Despite the poor performance of G&Ps during the week, we believe they are poised to benefit from higher domestic oil and gas production.
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Midstream Weekly Recap: Permian Oil Production Is Increasing And These G&Ps Will Benefit