SUGAR LAND, Texas, Dec. 27, 2017 /PRNewswire/ — Researched by Industrial Info Resources (Sugar Land, Texas) — Crude oil midstream is a demand-sensitive business. Pipelines do not get built unless there is demand, whether it is from suppliers looking to move product, or refiners looking to get product less expensively. However, refiners can only handle so much crude, and producers can only pull out so much at a time, meaning pipeline projects linking the two must not only provide significant value to one or the other to warrant construction, but also beat their competitors to completion in order to claim that market share. Industrial Info is tracking eight different projects that will provide takeaway capacity to the Permian Basin. Most of these projects have been announced in the past year and have not secured full funding, let alone started construction. While more than one may see completion, which one(s) will it be?
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SOURCE Industrial Info Resources, Inc.