That big sucking sound in the oil market is coming from Texas. U.S. drillers elsewhere are feeling the squeeze, writes TheRealLSL.
Drilling in the U.S. Permian Basin is set to increase 39,000 barrels per day in March versus February this year, the U.S. Energy Information Administration said on Feb. 18.
All other U.S. regions, including the Anadarko, Appalachian, Bakken, Eagle Ford, Haynesville, and Niobrara are set to stay flat or decline.
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