New Permian oil pipelines unlikely to be built, say top operators

HOUSTON (Reuters) -Top executives of two U.S. energy pipeline operators on Thursday ruled out seeking new crude oil lines built to move volumes out of the Permian shale field in West Texas because of tepid volume growth and difficulties constructing new lines. Enterprise Products Partners co-CEO Jim Teague said at a Houston energy conference his firm is not considering a new oil pipeline out of West Texas. The CEO of rival operator Plains All American Pipeline said at the same event companies are more likely to optimize existing rather than build new lines.