Midland, TX, is the epicenter of the Permian Basin. As the largest crude oil hub in the region, it boasts about 20 MMbbl of crude oil storage and extensive downstream connectivity, with the ability to deliver to local refineries, Wichita Falls, Cushing, Nederland, Houston and even Corpus Christi (albeit indirectly). It’s also where Midland WTI pricing is assessed, shaping much of the broader oil market in the region and even around the world. In today’s RBN blog, we discuss why Midland is the center of it all.
Center of the Universe – The Midland Crude Oil Hub, Where Permian Pricing and Takeaway Converge
