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US fastest-growing shale play lacks pipelines, low-cost trucking

Permian basin producers miss out on first exports of light crude

Boon to US producers: Oil and gas drilling taking place in the Eagle Ford Shale, a formation served by pipelines and rail. This enables producers to transport condensate to the coast. - PHOTO: BLOOMBERG

[NEW YORK] Washington's decision to allow exports of an ultra light crude offers a potential boon to US producers that will bypass drillers in the Permian basin, because the country's fastest-growing shale play lacks pipelines or affordable trucking.

The first exports of condensate have...

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