https://oilprice.com/Energy/Energy-General/Pipeline-Problems-In-The-Permian-Are-Overblown.html
At this point, however, relief is not that far away. The Permian Express 3 expansion could add 40,000 bpd by the end of the year, before a more significant addition of 500,000 bpd from the Sunrise pipeline in the first quarter of 2019. The EPIC pipeline (440,000 bpd), the Cactus 2 pipeline (670,000 bpd), and the Gray Oak (700,000 bpd) are slated for the second half of 2019. Behind that comes another wave in 2020, with ExxonMobil’s joint venture with Plains All American and Energy Transfer Partners’ project with Magellan adding an additional 2 million barrels per day of pipeline capacity.
With this very full queue of pipelines in mind, shale drillers are focusing on waiting out the current bottleneck. “Beyond 2019, we expect WTI Midland-Cushing to trade positive at times as takeaway capacity to the USGC exceeds production,” Bank of America Merrill Lynch concluded.
