Oil & Gas Journal: Permian basin gas output is expected to rebound in second-half 2020 and will remain robust for years, but the low-investment environment created by COVID-19 will likely postpone approvals for key pipelines which may necessitate increased flaring from 2023, Rystad Energy projects.
In second-half 2020, and into 2021-2023, Rystad Energy expects Permian gas production will see a rapid increase assuming a $45-50 WTI environment, which is the base case. In the short-term, the reactivation of production is expected to push basin-wide gas output back to 11.4 bcfd in September, although further growth might be delayed until mid-2021 when activity is expected to recover substantially.
i360Gov is an intelligent network of websites and e-newsletters that provides government business, policy and technology leaders with a single destination for the most important news and analysis regarding their agency strategies and initiatives.
Toll Free: 855.i360.Gov