Tag: shale production

Texas Pipeline Operators Prepare for Higher Volume as Permian Basin Oil Production Picks Up

May 16, 2022
Business & EconomycommoditieseconomyLocal NewsMarketsoil pipelinesPermian BasinRegional-Local Newsshale productionTexasUS
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Texas oil pipeline operators are preparing to increase the volume of crude oil flowing through pipelines from domestic shale fields to its hubs on the Gulf Coast to pre-pandemic levels by October 2022, according to analysts. U.S. crude oil had been trading at about $100 a barrel, a boon for some Texas oil pipeline operators struggling…

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OPEC Crude Output Cuts Should Help US Shale Profits in 2021

January 11, 2021
BusinessEconomieseconomyoil and gasOPECshale productionUS
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HOUSTON—A decision by OPEC and allied countries to cut crude production through March delivered a late Christmas present for U.S. shale firms that have slashed costs, but any rise in prices spurred by the unexpected move may be just a modest stocking stuffer. U.S. crude oil production has fallen 2 million barrels per day in…

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