February 23, 2021 – Journal of Petroleum Technology
Permian Producers Report Scope of Winter Storm Shut-Ins
By Trent Jacobs
…While the operators work to get the rest of their wells back on stream, analysts are working the numbers to figure out just how much oil and gas output was curtailed earlier this month.
Total Permian production may have dropped as low as 1 million B/D before returning to around 4.3 million B/D on Monday vs. a pre-storm output of about 4.5 million B/D. This is according to figures from RBN Energy, which also said Permian gas volumes bottomed out at around 3 Bcf/D before bouncing back to more than 10.3 Bcf/D.
Other figures from S&P Global suggest that about 3.4 million B/D of previously shut-in crude is flowing again with 600,000 B/D still offline in the Permian…
Read the full article here: https://jpt.spe.org/permian-producers-report-scope-of-winter-storm-shut-ins
