Despite a strong push toward renewable energy, oil and gas remains the largest source of fuel for society, and Texas’ Permian Basis is expected to be a global leader in crude oil production, according to a report by Mackenzie Wood. With that production comes the need for the midstream pipeline infrastructure to gather, transport and process the oil.
“We are in the midst of one of the largest crude infrastructure investment booms in U.S. history, with much of the investment focused on the Permian basin,” says John Coleman, principal analyst, North America crude markets, with Wood Mackenzie. “As massive as this current investment wave is, we don't think the story is yet finished. Additional capacity adds will be needed again by the end of the next decade.”
Coleman says the following chapter in the Permian story will focus on sufficient export terminal capacity in coastal markets. “As these new pipelines move into s
