Avalon/Bone Spring

Spotlight - Minding The Mid-Cush Margin: Reed Olmstead, IHS Markit (2018)

Cushing has improved to more than $70/bbl, but WTI Midland has been fetching as much as $10/bbl less. Many Permian producers are using basis hedges to ride out the new-takeaway drought. Some have firm transport directly to export markets. How are Permian producers minding the gap? Listen in as Reed Olmstead, an expert from IHS Markit, provides further insight.

November 7, 2018