Looming takeaway capacity constraints in the Permian Basin, which straddles West Texas and New Mexico in the United States, could slow production growth from the prolific shale formation.
The Permian has emerged in recent years as the premier shale play in the US and the world’s largest hydrocarbon reservoir. Oil production has trebled since 2011 and stood at more than 3 million barrels per day (MMb/d) in March 2018, with gas production at 280 million cubic metres per day (MMcm/d). The latest Drilling Productivity...
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