More and more evidence is pointing at what is now looking like a serious slowdown in U.S. shale activity, as sub $50 WTI is taking its toll on over-leveraged drillers. – oilprice.com
But was this already expected?
North Dakota said its oil industry would likely slow down in upcoming months because the lack of pipeline capacity and the harsh winter cold
Texas oil production also had infrastructure constraints in the Permian Basin, but those could be resolved by the mid or end of 2019 with the completion of new crude oil pipe-lines and expanded capacity.