A study by IHS Markit shows that Texas will need to add more than 10,000 miles of new, currently unplanned, pipeline infrastructure projects in the next 30-plus years to achieve its full potential for growth of oil and gas production.
Without the construction of future incremental pipeline infrastructure the study’s authors estimate Texas’ production of natural gas will be 24% lower than in the infrastructure buildout scenario, while crude production would be 9% lower, and natural gas liquids production would be 8% lower than projected.
Read more – S&P Global Platts
