Kenneth Medlock, senior director of the Center for Energy Studies at Rice University’s Baker Institute for Public Policy, also agrees that the light crude will garner higher prices in the international market because it is of higher quality. Based on their open market values, Medlock calculated that at $100 Brent prices, WTI would trade at nearly $102 while Eagle Ford crudes would fetch prices of $111. And in an unconstrained market, those crudes would already be delivered at a premium according to the Oil& Gas Investor.

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Pioneer Natural Resources is already eager to get its product to the world and said they would be able to export crude by mid-2016.

Timothy L. Dove, Pioneer’s president and COO commented: “We expect U.S. crudes, especially light ones, to have a natural home in Mexico and other Latin American countries whose crude slate is increasingly heavy,” he said. “These countries are closer than other potential markets and would benefit from the higher gasoline and naphtha yields of lighter U.S. grades given their heavier production slate.”