Texas Oil Patch Starts to Resume Operations After Cold Snap
- Marathon, Devon, Verdun began restarting wells late Wednesday
- Freezing weather caused equipment damage that needs repairs
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The Texas oil patch is slowly restarting wells after the deep freeze that swept through the region shut a record amount of U.S. crude output.
Marathon Oil Corp., Devon Energy Corp. and Verdun Oil Co LLC have begun using restored power from local grids or generators to restart output across the Eagle Ford shale basin that was halted by the frigid weather, according to people familiar with the matter, who asked not to be identified because the information isn’t public. The companies began work to resume operations late Wednesday.