Several New Oil Pipelines Are Being Constructed in Texas

Crude oil production is booming in the Permian Basin, but the region’s limited pipeline infrastructure is having trouble keeping up with the increased output. Within the next couple of years, however, a number of new pipelines are slated to begin carrying oil from the Permian Basin to refineries on the Gulf Coast. One of these […]

ExxonMobile to Ramp up Production in the Permian Basin

The world’s largest oil company has plans to invest heavily in its infrastructure in the Permian Basin and Gulf Coast region, according to a recent press release. Earlier this year, ExxonMobil announced that it will triple its production in the Permian Basin by 2025, bringing it up to more than 600,000 oil barrels per day. […]