• 6 days Retail On Pace For Most Bankruptcies And Store Closures Ever In One Year: BDO
  • 10 minutes America Could Go Fully Electric Right Now
  • 1 hour Majors Oil COs diversify into Renewables ? What synergies forget have with Solar Panels and Wind Tirbines ? None !
  • 28 mins OP Kennedy article : "Trump blasts Biden Fracking Plan . . . "
  • 15 hours America's Frontline Doctors - Safely Start Living Again!
  • 21 hours France Sees 10.6% EV Market Share In September — 4× Growth Year On Year
  • 21 hours Conoco Pledges ‘Net-Zero’ Emissions in Break With U.S. Rivals
  • 4 mins Vote Biden for Higher Oil Prices
  • 2 days Something wicked this way comes
  • 2 days Permian in for Prosperous and Bright Future
  • 2 hours Clean Energy Is Canceling Gas Plants
  • 16 hours Tesla Model 3 Is September's Top Selling Car of All Vehicles in Switzerland
  • 4 hours "COVID Kills Another Oil Rally" by Tom Kool 10/16/2020
  • 21 hours TX NATGAS flaring
  • 1 day GPOR - Gulfport Oil - Why?
  • 1 day covid. stop the carriers and thus stop the virus.
  • 2 days A sneak peak into the US election
  • 3 days California’s Electric Vehicle Dream Has A Major Problem: No
OPEC+ Is On The Brink Of A Crisis

OPEC+ Is On The Brink Of A Crisis

OPEC+ members are on the…

Alberta Unimpressed By Canadian Plastics Ban

Alberta Unimpressed By Canadian Plastics Ban

Canada’s federal government has confirmed…

Editorial Dept

Editorial Dept

More Info

Premium Content

The Permian Is Facing A New Pipeline Problem

1. The Permian pipeline glut

- The Permian basin is producing a little over 4.1 mb/d, but has 3 mb/d of excess pipeline capacity.

- “We are going to need significant consolidation in the midstream space overall, and particularly in these basins where the oversupply is as dramatic as it is,” Tyler Rosenlicht, a portfolio manager at investment firm Cohen & Steers Inc., told the WSJ.

- Permian pipelines and local refineries can take 7.3 mb/d. But capacity will jump to 8.3 mb/d in 2021. By that time, only half of the available pipeline capacity will be used, down from a utilization rate of 96 percent in 2018.

- Ultimately, falling Permian production and rising pipeline capacity is making the gap larger.

- Enterprise Products Partners (NYSE: EPD) canceled its 450,000-bpd Permian pipeline this month. “In the medium-term, we don’t need it, and they don’t need it,” the company’s chief executive said.

2. Falling costs for batteries

- For a long time, the $100 per kWh price point for battery packs has been held up as a key threshold needed to make electric vehicles equal on price with the internal combustion engine.

- That goal is now very close to becoming a reality. In March, LG Chem said it might hit that point soon.

- As of 2019, the average lithium-ion battery pack costs $156/kWh. BloombergNEF sees that falling to $131/kWh this year. The $100/kWh threshold could be…





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News