Pipeline company predicts growth in Permian’s crude oil production


Crude oil production in the Permian Basin is expected to grow by as much as 500,000 barrels a day this year according to Plains All American Pipeline LP.

The company’s prediction came as it reported fourth-quarter 2022 results reported Reuters. Plains All American reported quarterly revenues of $12.95 billion, just short of the $12.98 billion it reported a year earlier.

Click here for Reuters