More natural gas will soon be flowing. Chevron Corp and ConocoPhillips have begun restoring shale output, and Chevron will prioritize natural gas production, as reported by Reuters.
Texas oil and gas regulators and a DiamondBack Energy executive also reported that power was being restored to west Texas, where oil production was shut by record snowfall and power outages.
“The majority of our Permian and Eagle Ford volumes remain offline,” said Conoco spokeswoman April Andrews, referring to the two major Texas shale fields.
Conoco, the top U.S. independent oil producer, is ready to bring back full operations across its U.S. operations outside of Alaska once power and other infrastructure outages end, she said.
Reporting by Jennifer Hiller, Erwin Seba in Houston and Stephanie Kelly in New York; writing by Gary McWilliams; Editing by Leslie Adler
