Remove 2027 Remove Barrel Remove Drivers
article thumbnail

Phillips 66 Doubles Down on Permian Basin Growth with EPIC Acquisition and New Processing Expansions

Oil Gas Leads

The EPIC acquisition will allow them to shift these barrels onto their own network , capturing better margins and improving logistics efficiency. Phillips 66 currently moves 125% of its Sand Hills pipeline capacity , meaning they have been forced to ship volumes on third-party systems. We recognize our capital constraints.

Basin 52
article thumbnail

Energy executives bask in Trump sun but ignore cheap energy pitfall

Oil & Gas 360º

million barrels per day (bpd) in 2025 and climb further to 13.76 producer OXY Energy Services warned that oil prices below $60 a barrel would likely force small drillers to reduce activity. oil prices are currently around $68 a barrel. million bpd in 2026. But there is an obvious problem here. The CEO of U.S. Benchmark U.S.

Energy 130