Crude oil producers in the Permian Basin are being told the pipelines carrying their product to Gulf Coast refineries are nearly out of space.
A report by Bloomberg suggests pipelines owned by Oklahoma’s ONEOK could be a possible answer. Instead of shipping oil to the Port of Corus Christi where the pipelines are reported to be more than 90% full, ONEOK’s Longhorn and Bridge Texas pipeline could be used as an alternative to get the crude oil out of the Permian and to the Gulf Coast.
Increased crude oil production in the Permian could put the existing pipelines at 94% or 95% full by the second half of 2025.
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