See you June 5-6 in the Midstream Texas Conference in Midland!
There is a lot going on in our industry and we are excited to attend the Midstream Texas Conference in Midland on June 5-6, 2018. We will have a chance to catch up with old friends and make new ones while listening the most recent news about the oil industry in Texas during these interesting times.
As oil producers continue to face transportation challenges regarding how the oil from the Permian Basin will reach port, its impact in global markets will transform the industry. It is exciting to learn about how the new pipelines are coming together such as the EPIC Crude Oil Pipeline that should connect Orla, TX with Corpus Christi, TX in the second half of 2019. There are voices pointing to the need of additional infrastructure from hotels and sand to pipelines and water, and we look forward to hearing more about what is coming along. Growing takeaway capacity concerns as production and activity continues to rise. It is understandable to face gluts since oil production in Texas grew 17.66% between January 2017 and 2018. Currently, Texas produces 3.89 million barrels per day; 17.73% more than Kuwait. At this level of production and growth, there will be many more challenges and opportunities.
We hope to see you soon! While in Midland, we will continue to spread the word about our Pro3® non-amine H2S scavenger and its advantages. Make sure you get our flyer and contact us to find ways to get more for your barrel. The use of this technically advanced product is helping oil producers in the Permian Basin be more competitive in the global arena. We have treated millions of barrels with excellent result.
