Shut-in (oil drilling)
id:
shut-in-oil-drilling-302-4601303
title:
Shut-in (oil drilling)
text:
In the petroleum industry, shutting-in is the implementation of a production cap set lower than the available output of a specific site. This may be part of an attempt to constrict the oil supply or a necessary precaution when crews are evacuated ahead of a natural disaster. In April 2020, as a result of oil futures trading negative, Oklahoma and New Mexico voted to allow wells to shut-in in order to reduce production to combat oversupply.
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Shut-in_(oil_drilling)
date created:
date modified:
2023-05-06T16:41:25Z
main entity:
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image:
fields total:
13
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