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S&P Global analysis says Permian producers face mixed midstream signals in 2019. Crude takeaway capacity is expected to exceed Permian output by 1 million b/d in 2020, while gas takeaway stays constrained before the GC Express pipeline starts in October.
Waha gas forwards are priced in the upper 90 cents per MMBtu for April and May.
Oil takeaway capacity relieves pressure on Permian crude and narrows the WTI discount, while constrained gas takeaway keeps regional gas prices weak.
spglobal.comFeb 22, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
