Harvey’s Widespread Destruction Tests U.S. Shale

30 Aug 2017   Shale Oil

Tropical Storm Harvey , the most powerful storm to hit Texas in half a century, has shut a significant portion of the state’s shale production, cutting off as much as 15% of U.S. oil supplies. Now, in what is the first major storm to test U.S. shale, the big question is how quickly the sector can make a comeback. As the storm’s widespread devastation has come into focus, several analysts say that much, if not most, of the 1.4 million barrels of oil produced daily in the Eagle Ford shale of South Texas has been cut off and may not return for weeks. The Eagle Ford, which is on the doorstep of Corpus Christi […]

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