Pipeline execs express doubt about more oil pipelines in the Permian

 

For those who think there might be more pipelines built to carry crude oil out of the Permian Basin of West Texas, top executives of two major pipeline operations are pouring cold water on those beliefs.

It’s what came out of a recent Houston energy conference where Enterprise Products Partners co-CEO Jim Teague revealed his company has no such plans. Willie Chiang, CEO of Plains All American Pipeline offered the same thoughts.

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