US Tight Oil Producers Respond to Crisis

The US #tight #oil producers - large and small - are responding to free market realities……. the new low oil price era…….. end product demand destruction….. and storage faclities close to full. Oil companies and analysts are all reviewing data fast in this dynamic market.. predictions vary widely… and the producers are taking tough decisions. #Rig counts are falling daily and the number of players reducing and closing in production are increasing daily. Where will the ‘new reality’ leave the US tight oil market and what will the pain inflicted on the #midstream industry look like? Bankruptcies, mergers and acquisitions loom as midstream feels the impact of reducing oil and product flows through the US #pipeline arteries.