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US Crude Oil Production Drops in Largest Weekly Fall Ever: EIA
Overall U.S. crude oil output fell by 1.1 million bbl/d to 9.7 million bbl/d in the week to Feb. 19, the EIA said, as Texas’ deep freeze forced most of the state’s operators and refiners to shut as components and pipelines froze.
As Power Returns, Texas Energy Firms Slowly Emerge from Deep Freeze
Estimates vary, but the cold weather in Texas and the Plains states curtailed up to 4 million barrels per day of crude oil production and 21 billion cubic feet of natural gas, according to analysts.
Texas Governor Bans Natgas Exports Amid Freeze; Oil Producers Still Shut
Governor Greg Abbott directed Texas natural gas providers not to ship outside the state until Feb. 21 and asked the state energy regulator to enforce his export ban.