**Sees production decreasing **CP Rail moved 134,000 b/d in Q2 Receive daily email alerts, subscriber notes & personalize your experience. Register Now A shortage of pipeline takeaway capacity from the Permian Basin in West Texas is creating opportunities for Union Pacific to move crude oil in tank cars, a railroad official said Thursday. “The [Permian] is an interesting place and we’re definitely seeing some reduction in crude production due to the lack of pipelines,” Chief Marketing Officer Beth Whited said on an earnings webcast. “We have some capacity in our network and expect to see some results in the third and fourth quarter.” UP officials did not respond to queries on their targeted volumes. Loading terminals in Texas and New Mexico have a capacity of 300,000 b/d. But roughly 100,000 b/d of that capacity can be used to load crude as those facilities serve the needs for […]