U.S. Gulf of Mexico oil, gas producers begin restarting after Barry
Monday, 15 July 2019 U.S. oil companies on Monday began restoring some of the more than nearly 74% production shut at U.S. Gulf of Mexico platforms ahead of Hurricane Barry, the U.S. offshore drilling regulator said.
Crude oil production in the U.S.-regulated areas of the Gulf of Mexico has been drastically cut. The U.S. Bureau of Safety and Environmental Enforcement says Tropical Storm Barry has cut 73% of production. According to Reuters, that's 1.38 million barrels per day of crude oil production. The BSEE...
Lea County, New Mexico, is the No.2 oil-producing county in the United States. But according to Reuters, equipment that should be generating one business owner $700,000 a month is standing idle. That's..