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Добавлено: Вт Фев 23, 2021 11:03 am Заголовок сообщения: Shale producers see deep freeze hitting thousands of barrels |
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Shale producers see deep freeze hitting thousands of barrels of
output
Occidental Petroleum Corp, Diamondback Energy Inc and a host of smaller Permian-focused U.S.
shale producers said on Monday their first-quarter oil output will be hit by a recent winter storm
that knocked out power to millions in Texas.
While natural gas producers have benefited from cold weather forcing closure of wells, shale oil
drillers stand on the losing side of the trade as frozen pipes and power supply interruptions are
expected to slow an output recovery.
Shale oil producers in the southern United States could take at least two weeks to restart
the more than 2 million barrels per day (bpd) of crude output that shut down and some of that
production may never return, analysts said.
Diamondback on Monday estimated the winter storm will remove about four to five days worth
of total production from its current-quarter earnings, sending its shares down 5.4per cent after
the bell.
Occidental forecast first-quarter production of 450,000 to 460,000 barrels of oil equivalent per
day (boepd) from the Permian basin, including a 25,000 boepd hit from downtime related to
the storm. Its shares fell around 4per cent.
Smaller rival Cimarex Energy Co said it expects an up to 7per cent hit to production volume
in the first quarter.
Read the news here. : ประโยชน์ของเกม SLOTXO รวยง่ายแค่คลิกเดียว |
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