Apache CEO on the Permian Pipeline Bottleneck, Costs of Flaring

The video discusses the challenges of transporting oil from the Permian Basin to the US Gulf Coast due to pipeline capacity issues, leading to price differentials. Apache aims to increase production significantly but faces challenges with pipeline infrastructure. The company is planning strategically to ensure adequate flow and pricing, considering options like trucking. Apache is also working on expanding pipeline capacity and managing midstream assets, with plans to maintain control while allowing minority equity investments.

What is the main issue faced by oil companies in transporting oil from the Permian Basin?

• Lack of oil reserves

• Environmental regulations

• Pipeline capacity constraints

• High transportation costs

What is Apache's goal for oil equivalent production growth in the next two years?

• 400%

• 300%

• 100%

• 200%

According to Apache CEO John Crissman, what is a potential alternative to pipelines for transporting oil?

• Rail transport

• Trucking

• Air freight

• Shipping

What is Apache's strategy for managing its midstream assets?

• Outsourcing management

• Leasing assets to other companies

• Maintaining control with minority equity investments

• Selling all assets

What is Apache's approach to handling wells that are shut in due to infrastructure constraints?

• Flaring excess gas

• Selling them to other companies

• Permanently closing them

• Waiting for infrastructure development