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Oil producers eye long road to recovery as Texas begins to thaw

Oil producers eye long road to recovery as Texas begins to thaw
Reuters
2/22/2021
By Devika Krishna Kumar and Laila Kearney
© Reuters/Nick Oxford
FILE PHOTO: A pump jack operates in the Permian Basin oil and natural gas production area near Odessa
By Devika Krishna Kumar and Laila Kearney
NEW YORK (Reuters) - 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 because of cold weather, as frozen pipes and power supply interruptions slow their recovery, sources said.
The winter storm that gripped Texas and much of the country over the past week forced the biggest ever weather-related shutdown in the Permian Basin, cutting 2 to 4 million bpd from nationwide oil output and hitting the roughly 5 million barrels produced each day from top shale producing state Texas especially hard. ....

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Oil producers eye long road to recovery as Texas begins to thaw

Oil producers eye long road to recovery as Texas begins to thaw
metro.us - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from metro.us Daily Mail and Mail on Sunday newspapers.

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Oil drillers, refiners struggle with Texas deep freeze - The Hindu BusinessLine

Oil drillers, refiners struggle with Texas deep freeze - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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UPDATE 3-Oil drillers, refiners struggle with Texas deep freeze

18 Feb 2021 / 03:55 H.
(Adds details on ports, analyst comment)
By Devika Krishna Kumar and Gary McWilliams
HOUSTON, Feb 17 (Reuters) - The Texas energy sector was in the dark for a fifth day on Wednesday, as oil producers remained without power, several ports closed, and at least a fifth of U.S. refining output was offline due to an arctic blast hitting most of the United States.
The cold snap, which has killed at least 21 people and knocked out power to millions of people in Texas is not expected to let up until this weekend.
The state produces more oil and natural gas than any other U.S. state, and its operators, unlike those in North Dakota or Alaska, are not used to dealing with frigid temperatures. ....

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Oil drillers, refiners struggle with Texas deep freeze

5 Min Read
HOUSTON (Reuters) - Texas oil producers and refiners remained shut for a fifth day on Wednesday after several days of blistering cold, and the governor ordered a ban on natural gas exports from the state to try to speed the restoration of power.
Alvin Williams, 66, checks on his smartphone while taking a shelter at Gallery Furniture store which opened its door and transformed into a warming station after winter weather caused electricity blackouts in Houston, Texas, U.S. February 17, 2021. REUTERS/Go Nakamura
The cold snap, which has killed at least 21 people and knocked out power to more than 4 million people in Texas, is not expected to let up until this weekend. ....

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