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Edited by Falcon
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Fantastic! That should help drive the price down. Well done!

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On 7/26/2019 at 10:45 AM, Falcon said:

The Cactus pipeline starting to fill. Commercial by end of quarter. Bringing a new pipeline online takes time to sync the gathering,flow, storage and exports. Estimated 400K to 500K bbls by end of September. CACTUS II FULLY OPERATIONAL (670K) BEFORE END OF YEAR.

But the key takeaway is .  .  .  you don't ship to Corpus Christi to refine . . . Most of new 2.47 mm bbls will be exported.

Carlyle Group already started export terminal in Corpus Christi. They committed to 0ctober 2020 online date with or without Federal approval to deepen channel. 

Right behind Cactus II 670K bbls is EPIC 900K bbls. .. then later this year Grey Oaks 900K bbls.

By Q2 2020 the processes and logistics from wellhead to tanker ship will be fine tuned for all 3 pipes.

Don't forget Exxon/Phillips 1mm bbl Permian pipeline will add additional exports by Q1 2021.

Net Importer to Exporter. Makes me smile.

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Falcon, do you expect export capacity will be in-line with the incremental production that the new pipelines will bring online this year?  Or will these pipelines just create a bottleneck that won't be solved until the Carlye Group's export terminal is in service?

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(edited)

On 7/28/2019 at 2:33 AM, Ev Rainman said:

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(edited)

On 7/27/2019 at 10:03 AM, Douglas Buckland said:

 

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Edited by Falcon

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You have missed the point, or avoided it, yet again.

Pumping more oil into an already over supplied market can only drive the price DOWN.

If the price goes DOWN, how many additional jobs will be created in West Texas? How many DUC's will be completed and brought on-line in an over-supplied, low price environment? How many additional frac units will go to work to increase production of low dollar oil? How many operators will finally go belly-up as they are now losing even more money?

Drilling is the "easier part"?

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