LPNEWS

Canada Shale Drillers Feel Permian Pain As Prices Collapse

by rigzone.com posted 2years ago 53 views
The Permian Basin isn't the only oil field facing pressure from pipeline bottlenecks. : While global oil prices have climbed almost 20 percent this year, producers in Alberta and British Columbia’s shale formations are seeing just the opposite, stymied by a lack of sufficient infrastructure to bring their light oil to market. As Canada pushes for more pipelines to move its oil-sands output, two existing conduits that ship from shale are so full that space is being rationed.

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