By Bryce Bingham
Crude oil production in the Permian has more than quadrupled since 2011 and the basin is now, on its own, the fifth-largest producer of crude in the world. The Permian has long faced a lack of takeaway capacity due to its rapid growth, but new long-haul pipelines are finally coming online to provide an outlet for crude production. Today, we'll discuss the benefits of this new infrastructure and how it creates opportunities for midstream companies further downstream.
Permian takeaway capacity has finally come online
The last time we wrote about the Permian,