IHS Markit: US oil producers to halt 1.75 MMb/d per day of production; Canada to cut 0.5 MMb/d
Green Car Congress
MAY 22, 2020
Those wells, which produce less than 5 barrels per day of oil and more than 35 barrels of water which must be reinjected to maintain reservoir pressure, are expected to make up 350,000 b/d of the reduction. However, "black swan" events (such as pandemic-induced economic shutdown) expose the challenges of such lean, optimized systems.
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