Monday, June 25, 2018
The Biggest U.S. Oil Patch Is Near It's Limit
I came across this article by Javier Blas on the Bloomberg.com website:
"The Permian is growing at 800,0000 barrels a day annually and production currently stands at 3.3 million barrels a day, said Sheffield, who first drilled wells in the region in 1979 and is considered one of the architects of the shale revolution. Total pipeline capacity is 3.6 million barrels, so the region will reach capacity in the next three to four months and the bottleneck isn’t likely to ease for at least a year, he added."
