Permian NGL overbuild: who will get the rose?
The top five Permian midstream companies
1 minute read
NGL investment in the Permian has not been short of suitors.
As the Permian came to the forefront of E&P focus in a low oil price environment, gas gathering and processing accounted for some of the very first infrastructure investments in the basin.
This year we have witnessed a slew of new Permian NGL pipeline announcements totalling 1.53 million b/d. The Permian is heading towards an overbuilt state in both gas processing and NGL pipeline capacity. After the current frenzy of Permian investment subsides and the stakeholders evaluate their positions, who will be among the leaders or the laggards?
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