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Permian gas production at risk by late 2023 as midstream capacity dwindles

April 18, 2022 Comments Off

Long-haul natural gas pipelines from the Permian Basin could reach maximum capacity as early as late 2023, potentially posing downside risk to basis prices and production across West Texas and New Mexico, a recent analysis published by S&P Global Commodity Insights shows. According to industry analysts and observers, the Permian Basin already has sufficient pipeline capacity in place to support…