Oleg Zabluda's blog
Wednesday, June 20, 2018
 
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The biggest U.S. shale region [Permian] will have to shut wells within four months because there aren’t enough pipelines to get the oil to customers
[...]
The Permian is growing at 800,0000 barrels a day annually and production currently stands at 3.3 million barrels a day, said Sheffield, who first drilled wells in the region in 1979 and is considered one of the architects of the shale revolution. Total pipeline capacity is 3.6 million barrels, so the region will reach capacity in the next three to four months and the bottleneck isn’t likely to ease for at least a year. Permian production could remain flat for the next year because of pipeline restraints
[...]
Benchmark West Texas Intermediate crude at Midland in the Permian is likely to trade at a $25-a-barrel discount to price at the industry’s hub in Cushing, Oklahoma, he said.

America pumped almost 10.5 million barrels a day in March, up 1.4 million barrels a day from a year

Pipelines are being built to get more oil out of the Permian, but shipments are likely to be constrained until at least 2019, Sheffield said.
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https://www.bloomberg.com/news/articles/2018-06-20/shale-giant-says-permian-oil-faces-shut-ins-on-pipeline-shortage
https://www.bloomberg.com/news/articles/2018-06-20/shale-giant-says-permian-oil-faces-shut-ins-on-pipeline-shortage

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