Canadian Shale Drillers Feel Permian Pain as Prices Collapse
- Edmonton condensate, light crude prices sink to a new low
- Drilling surge runs into pipeline bottlenecks, U.S. imports
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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.