” increased from about 140,000 bbl/d in 2007 to an estimated 600,000 bbl/d in 2013”
On a comparative basis, this is not very much growth when you look at what has happened in the same time period for the Bakken or Eagleford.
Even though there is a lot of oil there, the abilities to extract it commercially is obviously more problematic than the others.
I have a question...
One of my friends was telling me that the pipelines are ‘full’ leading out of the Permian basin. Full to the point that some operators can’t sell their product because it can’t get to the purchasers.
What do you know about that?