Dedicated pipeline takeaway can be advantageous as companies try to grow production but can hamper the ability for an operator to respond as prices fall. But in periods of low oil prices, it can become a burden that requires an operator to choose between drilling uneconomic wells or paying fines for missing production quotas. Aligning the proper amount of takeaway capacity with production growth can be very challenging. Ambitious growth strategies can be a double-edged sword and can leave an operator exposed during a prolonged price shock. An added layer of complexity in all of this is the recent discussions from the Texas RRC around potential production limits in order to support oil prices. What would that mean for midstream contracts? We don’t know yet.