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. That leaves producers like Encana Corp., and Seven Generations Energy Ltd. facing regional oil prices at the lowest level in more than four years. This comes after rising oil prices earlier this year encouraged them to ramp up production, leading to a surge of condensate and oil. “Individually, if the prices are there, the incentive is to […]