September 2021, Vol. 248, No. 9


Permian Update: America’s Oilfield Builds Back from Another Bust

By Jeff Awalt, Executive Editor  Stop me if you’ve heard this one before.  Photo: Plains All American Oil and gas producers in the prolific Permian Basin of West Texas and New Mexico respond to surging global demand by ramping up drilling to record highs. As production threatens to outpace takeaway capacity, pipeline operators answer with a slew of new projects to deliver more product to key markets. Economics shift, the bottom falls out and the cycle moves from boom to bust. Then another recovery begins.  Three quarters of the way through what was to be a post-pandemic year, the midstream sector of America’s biggest oilfield is slugg

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