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MI - PAA sees opportunities even as it projects crude slowdown - February 2020
Plains All American Pipeline expects crude production in the Permian Basin to increase by just 400,000 bo/d in 2020, a much slower rate of growth than in the past couple of years. Despite the expected slowdown, PAA still saw enough value to pay Felix Midstream $300 million for an 80-mile crude pipeline in the basin. US production grew by 1.25 MMbo/d in 2019, down from an increase of 1.64 MMbo/d in 2018, according to......
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