The Permian Basin: A Key Focus for Enterprise Products Partners
According to the EIA’s (Energy Information Administration’s) STEO (“Short-Term Energy Outlook”) report for January 2018, US crude oil production is expected to increase by an average 1.2 million b/d (barrels per day) from December 2017 to December 2019. According to Baker Hughes’ data gathered by Enterprise Products Partners (EPD), 55% of total rigs currently are in the Permian, Eagle Ford, and Haynesville regions. As the above graph shows, nearly 60% of all DUCs (drilled but uncompleted wells) are in the Permian, Eagle Ford, and Haynesville shales.