The Biggest U.S. Oil Patch Is Near Its Limit
- Pipelines will reach limit within 3 to 4 months, Pioneer says
- Lack of capacity to curb growth in Texas shale-oil region
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The biggest U.S. shale region will have to shut wells within four months because there aren’t enough pipelines to get the oil to customers, the head of one of the industry’s largest producers said.
The worsening bottleneck in the Permian region that straddles west Texas and New Mexico offers an unexpected fillip to OPEC and other oil producers outside the U.S., who’ve seen rampant production from America’s shale producers grab market share.