Associated natural gas production had doubled over the past five years and pipeline infrastructure is already maxed out, with regional prices trading negative in late 2018. The Permian Basin is on track to double oil production over the next five years and with it double natural gas production. Currently, there are two greenfield projects under construction to increase natural gas takeaway capacity from the basin. Will this be enough to meet production growth over the next five years? How many of the five additional greenfield pipeline projects in various stages of development will be required? Where will the demand be to meet this strong production growth?
IHS Markit
Research & Analysis Manager, Global Gas
Occidental Petroleum Corporation
Senior Vice President, Marketing and Midstream
Emerson
Group President, Flow Solutions
Kinder Morgan
President Natural Gas Pipelines Group
NextDecade Corporation
President & Chief Executive Officer