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Enterprise Products not considering new Permian oil pipeline, says co-CEO
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Enterprise Products not considering new Permian oil pipeline, says co-CEO
Oct 24, 2024 10:22 PM

HOUSTON, Oct 24 (Reuters) - U.S. energy pipeline

operator Enterprise Products ( EPD ) 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)

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