Post by
farml1234 on Feb 19, 2020 9:16am
crude production in USA could take a big hit soon
The Permian is the big producer and it does not have the take a way capacity for the NG and the producers flare the excess , this is done by permit . Now someone blew the whisle on what is really going on , seems the NG processing plants are way over supply and they just burn off all that excess NG also , it is said the amount of NG now wasted is up around 800 million CF per day . Word is if these producers are forced to shut down wells to stop the waste of all this NG oil production could have a big problem