Midstream & Transport Monitor - February 19, 2016
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With many E&Ps struggling to keep their businesses afloat, producers around the globe have forgone turning off the taps even when fields are losing them money. Despite the drop in oil prices from late 2014, only about 0.1% of global oil production has been halted, amounting to about 100,000 barrels per day (bbl/d) of halted production. Also in this issue: production out of the Marcellus-Utica is among the greatest in the world, but until now it was limited to where it could go.