BENTEK: WTI crude oil price spread between Midland & Cushing widened to more than $6/bbl this month
The regional Midland to Cushing crude oil price spread will remain wide until 2013 as production in the Permian exceeds takeaway capacity.
BENTEK’s Crude Oil Production Monitors provide a new level of visibility into crude oil production in the U.S. and Canada. Based on BENTEK’s fundamental analysis, these regionally-based monthly reports offer extensive supply-side coverage of the North American crude oil market, including regional production projections, drilling activity, rig counts, transportation and refining constraints and pricing analysis.
Highlights from BENTEK’s PADD 3 (Southeast/Gulf)
• Permian takeaway capacity will likely be constrained by the end of 2016 if the BridgeTex pipeline is not built.
• Permian gas processing constraints may curtail oil production over the next few years.
• Eagle Ford oil production and pad drilling likely to increase in 2013.
• In the Anadarko, gas processing capacity will allow for continued oil growth through 2017.
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