Wood Mackenzie projects up to 500,000 bpd of new crude oil takeaway capacity from the Permian Basin to the U.S. Gulf Coast. Thanks to growing production from the Permian Basin, another wave of new crude oil takeaway capacity will be needed by the end of the next decade, according to natural resources consultancy Wood Mackenzie. “As production growth expands well into the 2030s, U.S. Gulf Coast-bound pipeline capacity will tighten,” John Coleman, Wood Mackenzie principal analyst for North American crude markets, said in a written statement emailed Monday to Rigzone. “By the mid-2030s, Permian-to-Gulf Coast pipeline utilization will surpass 92 percent in the absence of further investment, necessitating pipeline expansions or greenfield capacity.” According to Wood Mackenzie, a “moderate overbuild of pipeline capacity” should occur early next decade as the current wave of pipeline projects conclude. By the end of 2022, midstream operators should add approximately 4 million barrels […]