Houston — Permian Basin crude production growth is currently constrained by limited takeaway capacity, and falling well performance in the basin could pose a risk to longer-term growth, oilfield services company Schlumberger said Friday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The US Energy Information Administration estimates Permian production to reach 3.55 million b/d in November, up from 2.717 million b/d in October 2017. The Permian currently has around 3.6 million b/d of takeaway capacity, although midstream companies are in the process of adding more pipelines. Even with the added pipeline capacity, market consensus that annual Permian production growth will continue at 1.5 million b/d is starting to be called into question, Schlumberger executives said. “[W]e do not believe that the temporary offtake constraints are the main issue, as this will likely be addressed in the next 12-18 months. Instead, we believe the main […]