![]() ![]() But with a fresh production forecast in hand, we can now tally it all up and take a closer look at how processing capacity stacks up, particularly in the context of our latest production estimates - something we track weekly in our Crude Oil Permian and NATGAS Permian reports. At that time there were no custom bass parts available, bridges, or even electronics other than what you could find in a music store. As a professional musician, I longed for a better, more comfortable bass. We’ve kept a close watch on Permian gas infrastructure expansions, rounding up the latest project completions and announcements at every turn, most recently in More, More, More and Keep This Party Going. Ken Smith Basses 65 Follower:innen auf LinkedIn Since 1978, the actual year of incorporation, it has been my goal to produce the best playing bass possible. In today’s RBN blog, we provide an update on gas processing capacity in the Permian.įew things have kept us more on our toes in the past year than the rapid development of the Permian, from barreling production growth to the frenzied midstream M&A and expansion activity in the basin as midstreamers scramble to keep pace with the fast-rising need for associated-gas processing. And a lot more of it will be needed if Permian crude production is to continue growing and keep U.S. However, that growth could not have happened without a significant build-out of natural gas midstream infrastructure. You could say Permian crude saved the day - at least for a time. While crude production in most other oil-focused basins is flat-to-lower on average since 2020, Permian crude output has climbed 15% in that time, from about 4.5 MMb/d in 2020 to just over 5.1 MMb/d this year to date, with much of that growth occurring in the past year or so. ![]() crude oil plays, no basin has been more resilient than the Permian post-2020, and by extension, no basin has played a bigger role in taming oil prices - and regional natural gas prices - in recent months. ![]()
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