Wednesday, September 10, 2025

Lotus Midstream joins Exxon and Plains On Permian Pipeline JV

Lotus Midstream LLC has agreed to participate in a joint venture previously announced by ExxonMobil and Plains All American Pipeline, L.P., to construct a pipeline to transport crude oil and condensate from the Permian Basin to Texas Gulf Coast markets. The parties expect to form the joint venture before the end of the year. The parties are advancing plans for

Permian Constraints to Ease, Differential Estimate to Shrink by End of 2019: Raymond James

From the Midland Reporter Telegram A new report says crude oil pipeline constraints in the booming Permian Basin may end sooner than expected and prices will be less affected than previously believed. The report by analysts at Raymond James says the West Texas region should see pipeline constraints ease by the end of 2019 and that price differences between oil

Weekly Oil Storage: Small Build

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week. Crude oil stocks rose by 1,852 MBBL last week to 395,989 MBBL from 394,137 MBBL. This is 16% below the 470,986 MBBL that was in storage at this point last year, and is 2% below the five-year