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Permian faces pipeline constraints
June 22, 2018
Source: Oil Price

Permian faces pipeline constraints

The Permian Basin, which saw record crude oil production in past couple of years, is now facing major transportation limitations. The pipeline network is almost full, compelling steep discounts for oil transporting from the region. Bloomberg has reported that the number of drilled but uncompleted wells (DUCs) are on the rise, meaning that companies are drilling wells but not completing them because they cannot ship the oil.

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