Permian gas seeks exits
The glut of associated gas production in the Permian Basin has led to a scramble to build new takeaway capacity, although significant relief will not come before 2021
The Permian is now the second-largest contributor to US shale gas production after the Appalachian Basin. However, the play’s growth is being driven by different dynamics, as the region’s unconventional operators are primarily targeting crude, with associated natural gas largely a by-product of the oil drilling taking place. In contrast with dry gas plays where it is the primary target, gas in the Permian has often been treated as an afterthought—and even a nuisance. But, as infrastructure starts to catch up with production, opportunities are emerging to harness associated gas output to create additional value. That Permian activity is driven far more by the economics of oil drilling than ga
Also in this section
23 October 2024
Majors in the region are pushing boundaries and could see significant upside, but longer-term risks remain
22 October 2024
Angola is unlikely to meet the official timeline for an IPO of state-owned oil giant Sonangol in 2026
21 October 2024
Companies operating offshore assets in the region are unlikely to halt development plans for now, even as hostilities intensify
21 October 2024
For the tanker market, recent escalation in the Mideast conflict has largely been offset by soft fundamentals