As a result of a nearly 12% drop in global oil demand compared to last year, North American shale producers have been forced to cut production and new wells. According to Rystad Energy, U.S. oil production will fall to 10.7 MMbbl/d in June, a two-year low. U.S. producers have significantly cut back on drilling new wells and shut in producing wells to slash expenses and level off the massive oil glut that has depressed prices.

However, shutting in wells presents operators with a new set of challenges, with key decisions looming over which wells to shut in, how long can they be shut in without significantly impacting their long-term production and how taking wells offline affects the reservoir. 

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