Quantcast

Permian Basin Pipeline Will Carry Out 1 M Barrels of Crude Oil Per Day

Climate
Permian Basin oil field. Blake.Thornberry / Flickr / CC BY-NC-ND 2.0

ExxonMobil and Plains All American Pipeline announced Tuesday a joint pursuit to construct a multi-billion dollar pipeline that will transport more than 1 million barrels of crude oil and condensate per day from the oil-rich Permian Basin to the Texas Gulf Coast, the Houston Chronicle reported.


The proposed pipeline will stretch hundreds of miles from both Wink and Midland, Texas to delivery points in Webster, Baytown and Beaumont, Texas, a news release from the companies stated.

Despite governments around the world enacting measures to reduce carbon emissions to help fight climate change, the latest oil market forecast from the International Energy Agency (IEA) makes it clear that the world is yet to turn its back on fossil fuels.

Production in the Permian shale field in western Texas has been booming. According IEA's Oil 2018 forecast, global oil production capacity is expected to grow by 6.4 million barrels a day (mb/d) to reach 107 mb/d by 2023. Much of that growth is led by the U.S. due to oil produced from fracking the Permian, where output is expected to double by 2023.

However, there is currently not enough pipeline capacity to retrieve Permian oil, causing regional oil prices to deflate.

But that bottleneck has opened up opportunities for pipeline developers in the region. Exxon said in January it plans triple Permian production to 600,000 oil-equivalent barrels by 2025, and spend more than $2 billion on transportation infrastructure to support its Permian operations.

Houston-based Plains All American Pipeline is investing $1.6 billion in Permian expansions, but other pipelines are also in the works, according to Motley Fool. Epic Midstream has proposed a 440,000 barrel-per-day (bpd) crude oil pipeline in the region, so has Magellan Midstream Partners, which has proposed a 600,000 bpd pipeline.

EcoWatch Daily Newsletter

Natural Resources Defense Council

By Emily Deanne

Shower shoes? Check. Extra-long sheets? Yep. Energy efficiency checklist? No worries — we've got you covered there. If you're one of the nation's 12.1 million full-time undergraduate college students, you no doubt have a lot to keep in mind as you head off to school. If you're reading this, climate change is probably one of them, and with one-third of students choosing to live on campus, dorm life can have a big impact on the health of our planet. In fact, the annual energy use of one typical dormitory room can generate as much greenhouse gas pollution as the tailpipe emissions of a car driven more than 156,000 miles.

Read More Show Less
Kokia drynarioides, commonly known as Hawaiian tree cotton, is a critically endangered species of flowering plant that is endemic to the Big Island of Hawaii. David Eickhoff / Wikipedia

By Lorraine Chow

Kokia drynarioides is a small but significant flowering tree endemic to Hawaii's dry forests. Native Hawaiians used its large, scarlet flowers to make lei. Its sap was used as dye for ropes and nets. Its bark was used medicinally to treat thrush.

Read More Show Less
Sponsored
Frederick Bass / Getty Images

States that invest heavily in renewable energy will generate billions of dollars in health benefits in the next decade instead of spending billions to take care of people getting sick from air pollution caused by burning fossil fuels, according to a new study from MIT and reported on by The Verge.

Read More Show Less
Aerial view of lava flows from the eruption of volcano Kilauea on Hawaii, May 2018. Frizi / iStock / Getty Images

Hawaii's Kilauea volcano could be gearing up for an eruption after a pond of water was discovered inside its summit crater for the first time in recorded history, according to the AP.

Read More Show Less
A couple works in their organic garden. kupicoo / E+ / Getty Images

By Kristin Ohlson

From where I stand inside the South Dakota cornfield I was visiting with entomologist and former USDA scientist Jonathan Lundgren, all the human-inflicted traumas to Earth seem far away. It isn't just that the corn is as high as an elephant's eye — are people singing that song again? — but that the field burgeons and buzzes and chirps with all sorts of other life, too.

Read More Show Less
Sponsored
A competitor in action during the Drambuie World Ice Golf Championships in Uummannaq, Greenland on April 9, 2001. Michael Steele / Allsport / Getty Images

Greenland is open for business, but it's not for sale, Greenland's foreign minister Ane Lone Bagger told Reuters after hearing that President Donald Trump asked his advisers about the feasibility of buying the world's largest island.

Read More Show Less
AFP / Getty Images / S. Platt

Humanity faced its hottest month in at least 140 years in July, the US National Oceanic and Atmospheric Administration (NOAA) said on Thursday. The finding confirms similar analysis provided by its EU counterparts.

Read More Show Less
Newly established oil palm plantation in Central Kalimantan, Indonesia. Rhett A. Butler / Mongabay

By Hans Nicholas Jong

Indonesia's president has made permanent a temporary moratorium on forest-clearing permits for plantations and logging.

It's a policy the government says has proven effective in curtailing deforestation, but whose apparent gains have been criticized by environmental activists as mere "propaganda."

Read More Show Less