SHUT OUT

摘要

Permian Basin operator Triple Crown Resources LLC is keeping watch,ready to weather the pandemic storm and the oil price war,CEO Ryan Keys said.But the way forward for most E&Ps will be treacherous.Several analysts predicted that operators may shut in wells as a pandemic drastically undercuts demand for oil.”My team is prepared and knows exactly what to do and at what prices or physical constraints,down to the individual well,”Keys said.”I don't think many E&Ps are doing that,so I think the inevitable production curtailment-whether by force majeure or by economics-is going to be a disaster for many operators.”Several analysts predicted varying degrees of shut-in production as prices fall and crude oil storage becomes scarce.Rystad Energy predicted that a third of U.S.storage capacity will be filled in April.”Shut-ins are coming,and they are likely to be big,”Enverus said in an April 8 report.