“On the operational side, it’s all about timing,” said Bernadette Johnson, vice president of market intelligence for Drillinginfo Inc. “How far we need to move all these molecules to get to the coast.”
During a break at the Midstream Finance Conference in Dallas, Johnson also told Steve Toon, editor-in-chief of Oil and Gas Investor, that while the Permian Basin is “ground zero” for bottlenecks, takeaway capacity is an issue in several areas across the industry. In the NGL space, a lack of pipelines has spurred price volatility for ethane and others.
Recommended Reading
Sunoco’s $7B Acquisition of NuStar Evades Further FTC Scrutiny
2024-04-09 - The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for Sunoco’s pending acquisition of NuStar Energy has expired, bringing the deal one step closer to completion.
TotalEnergies to Invest $400MM in LPG
2024-05-14 - TotalEnergies is investing more than $400 million into LPG to provide more than 100 million people in Africa and Asia access to clean cooking methods by 2030.
Petrobras CEO Prates to Step Down
2024-05-15 - Brazil’s President Luiz Inácio Lula da Silva has requested that Petrobras CEO Jean Paul Prates resign following a dispute over dividend payments.
EQT Declares Quarterly Dividend
2024-04-18 - EQT Corp.’s dividend is payable June 1 to shareholders of record by May 8.
Matador Resources Announces Quarterly Cash Dividend
2024-04-18 - Matador Resources’ dividend is payable on June 7 to shareholders of record by May 17.