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Old 09-29-2011, 08:56 AM   #61
Bring_Back_Shantz
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There are other big factors that are important when thinking about where companies will build thier upgrading/refining capacities.

Production companies only have so much capital, they aren't going to spend it on an upgrader/refinery when that isn't their core business. They're better at gettting the stuff out of the ground, so they spend their limited capital on that, where they'll get better returns, and let some midstreamer (or integrated company) worry about the midstreaminging. That means the producers may not have much say in where the midstream facilites get built.
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