Permian Enters Uncharted Waters in Better Shape than Most Regions

By Michael Reed, Editor-in-Chief  With the Coronavirus crisis and its effect on upstream operations putting a damper on all segments of the midstream sector, some major projects in the Permian Basin appear to be moving forward, albeit at a slower and far more cautious pace.  Among those is the 1-MMbpd crude oil and condensate Wink-to-Webster Pipeline, a joint venture between affiliates of Exxon Mobil, Plains All American and MPLX. The 650-mile (1,046-km) pipeline will transport 1 MMbpd crude oil and condensate from the Permian Basin to the Texas Gulf Coast. When completed, most likely in the first half of 2021, the project will be supported by a significant volume of long-term commitment

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