The embattled, but resilient Permian Basin quickly evolved from a glut of oil to a glut of excess pipeline capacity as the coronavirus pandemic crippled global demand, and new long-haul crude pipelines will further exacerbate the divide as they continue to come online through 2021. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Pending projects led by ExxonMobil and Enterprise Products Partners would cause the Permian’s crude pipeline capacity to nearly double the basin’s oil output by the end of next year, leading to a maze of half-empty pipes operating on reduced rates amid increasingly cutthroat competition, energy analysts said. A series of pipeline project completions late last year and into early 2020 moved the Permian from […]