As BTU discussed in last month’s Energy Market Insights, oil shut-ins across various US oil production regions have resulted in a drastic drop in US oil production over the last several weeks. Today’s commentary will revisit implied oil shut-ins across several basins based on updates to our modeled daily gas production. The basis for this analysis relies on the nature of associated gas production in liquids-focused plays. Because these plays produce significant volumes of natural gas in addition to crude oil, measuring the impact of shut-ins to gas production serves as a proxy for shut-ins to crude production.
https://btuanalytics.com/shale-production/oil-curtailments-impacting-natural-gas/
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