Texas will need an additional 10,950 miles of oil and gas pipelines to accommodate rising production over the years to 2050, an IHS Markit study quoted by S&P Global Platts has suggested. The Lone Star state is home to three of the most prolific oil and gas deposits in the United States, including the Permian, the Eagle Ford, and the Barnett shale. Gas production from these alone will reach its peak somewhere between 2030 and 2040, at a daily rate of almost 35 billion cu ft before it starts to decline. However, there are not enough pipelines to carry the gas that will be produced in Texas. The situation is the same in oil. The Texas shale patch is already experiencing problems because of pipeline shortages coming against steadily rising production, with the rise particularly marked in the Permian, where the Energy Information Administration expects the average daily to […]