We’re starting to see it here in West TX the purchaser are getting backed up. I now have 14 loads of oil sitting on the ranch waiting to be hauled, 8 were called in at the first of last week. I’m fixing to shut in some wells on the front of the ranch due to lack of storage. Whats really going to hurt is those are all gas lift’s which means no gas sales also.
Thanks for sharing. I was wondering when it would start to impact the producers.
And, the resultant loss in production flow / pressure. PV=nRT
Shut-ins have been known to become shut-downs out here.