CEO
24/10/2024 14:56
HOUSTON, Oct 24 (Reuters) - U.S. energy pipeline
operator Enterprise Products EPD.N is not considering adding a
new crude oil line out of the Permian shale field in West Texas,
co-CEO Jim Teague said on Thursday.
A wave of consolidation in the top U.S. shale field has
concentrated output in the hands of companies that are promising
to restrain output so as not to crash prices by overproducing.
(Reporting by Arathy Somasekhar)
((Arathy.Somasekhar@thomsonreuters.com; +1 469-691-7668;))