Halliburton CEO Expects Permian Bottlenecks Gone By End of ’19 – Bloomberg

Halliburton Co. expects bottlenecks in America’s busiest oil field to be relieved by the end of next year.

A series of catalysts will drive drilling and fracking activity in the Permian Basin of West Texas and New Mexico throughout the next year, Jeff Miller, chief executive officer of the world’s biggest fracker, said during a Bloomberg TV interview on Monday. Explorers’ budgets will reload as the calendar flips to next year, and a host of new pipelines will open in the second half of 2019 to create more takeaway capacity.

— Read on www.bloomberg.com/news/articles/2018-11-05/halliburton-ceo-expects-permian-bottlenecks-gone-by-end-of-19

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