Pipeline Bottleneck in the Permian Basin Leads to Shut In Wells

June 21, 2018

According to Scott, Sheffield, the Chairman of Pioneer Natural Resources Co., capacity to transport oil out of the Permian Basin is expected to reach capacity in the next three to four months.  Mr. Sheffield indicated that some companies may have to shut in production or move rigs away given existing pipeline constraints.

Link: https://www.bloomberg.com/news/articles/2018-06-20/shale-giant-says-permian-oil-faces-shut-ins-on-pipeline-shortage