I am not an optimist, but hopefully one day I will be.
With West Texas gas prices still under pressure, the timing of new natural gas pipelines from the Permian remains critical. This increased take away gives the optimist hope. However, questions remain if this will be enough to offset the increase in production. In response to the low prices, several producers have shut-in or deferred production until new infrastructure comes online. Additionally, Permian flaring continues to hit new peaks. However, if producers continue to grow unmarketed production, will Gulf Coast Express provide the needed relief to gas prices orts or just unleash a wave of new supply?