BP: Permian Basin Productivity Gains Begin to Flatten Out

SUGAR LAND--June 27, 2018--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Logistical bottlenecks in the Permian Basin, shown in part by its sharp growth in drilled but uncompleted (DUC) wells, have led to a plateauing of productivity gains in that basin, BP BP plc (NYSE:BP) (London, England) Chief Economist Spencer Dale said June 13 in unveiling that company's annual statistical review of world energy.

Within this article: Details on how crude-oil production in the Permian Basin--and the bottlenecks that have been plaguing it--is expected to affect the oil markets.