1 MMBPD line would be largest on schedule
Pipeline companies are responding to the current takeaway crunch in the Permian.

Plains All American Pipeline (ticker: PAA) and ExxonMobil (ticker: XOM) announced plans for a massive pipeline yesterday.

Exxon and Plains All American have signed a letter of intent to construct one of the largest lines out of the basin, with the capacity to ship more than 1 MMBPD of oil and condensate. The two companies will form a JV to build and operate the line.

The line will originate in the heart of the Per...

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