Forbes.com – David Blackmon Contributor
Some very interesting developments on the oil and gas front this week related to the Permian Basin:
The Permian bottleneck continues to de-bottleneck. – Reuters reports that crude loadings at the Port of Corpus Christi (PortCC) rose to a record 1 million barrels of oil per day (bopd) last week, after two major new pipelines carrying Permian Basin oil – EPIC and Cactus II – went into service. Those lines have a total capacity of more than 1 million bopd, so the near-doubling of deliveries from July’s average of 525,000 bopd is not surprising. Read more…