Going with the Flow: West Texas Natural Gas Outlook
- Jan 21, 2019 4:32 am GMT
This item is part of the Special Issue - 2019-01 - Predictions & Trends, click here for more
The latest buzz in the energy community is of the infrastructure build-out occurring in West Texas. The mighty Permian basin is gaining notoriety again, as fracking enabled hydrocarbons have begun streaming out of West Texas. It is no secret that oil is king, but another important story to watch will be what happens to the natural gas produced in the Permian basin. The region is heavily oversupplied with natural gas and has resorted to flaring the oil production by-product. So how much more natural gas can we expect to see? And where will this natural gas flow in the region? Today, we take a look at the fundamentals affecting oil and natural gas production in the Permian basin, and how this could affect the natural gas market in the next 2–3 years.
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