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Enterprise See US Crude Production Rising 1.8m b/d in 2025

OIL

Pipeline operator Enterprise Products expects US crude production to rise by 1.8m b/d between 2023-2025, Senior VP Tony Chovanec said cited by Bloomberg.

  • Growth is being driven by continually improving productivity and efficiency, he said.
  • Of the total of 1.8m b/d growth, 1.5m b/d will come from Permian alone, he said.
  • Chovanec forecasts that for every additional 1m bbl of oil capacity, associated NGL production is 400k-500k, Bloomberg reported.

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