Midstream Prepares for More Permian Natural Gas

Summary The Permian has long been known for its oil output. The basin in West Texas and New Mexico produces more oil than any OPEC+ member, aside from Saudi Arabia and Russia. As oil output has grown to ~6.5 million barrels per day (MMBpd), so has the volume of natural gas and natural gas liquids (NGLs) produced. Today's note discusses expected production trends in the Permian and how midstream companies are positioning to capitalize on growing natural gas output. The Permian is getting gassier. Natural gas ...