“On the operational side, it’s all about timing,” said Bernadette Johnson, vice president of market intelligence for Drillinginfo Inc. “How far we need to move all these molecules to get to the coast.”
During a break at the Midstream Finance Conference in Dallas, Johnson also told Steve Toon, editor-in-chief of Oil and Gas Investor, that while the Permian Basin is “ground zero” for bottlenecks, takeaway capacity is an issue in several areas across the industry. In the NGL space, a lack of pipelines has spurred price volatility for ethane and others.
Whiting Petroleum, and Hess Corp. espoused optimism about the Bakken, while others talked about the reinvented San Juan. Meanwhile, Extraction Oil & Gas is ready to deal with SB-181.
At 4 MMbbl/d and with a growing natural as contribution, producers are getting their products to buyers—by all means possible. Here’s a look at production forecast, current takeaway and what will be needed going into the second half and into 2020 and beyond.
Here’s the 411 on where IPs and EURs per lateral foot are transitioning to a “Permian 2019” level in the Midland and Delaware basins as well as trends in leasing and permitting, along with a look at the NW Shelf and the Central Basin Platform.