Oil and gas producer Apache said it temporarily halted production at its Alpine High assets in the Permian basin in late March, curtailing output of about 250 MMcf/d because of extremely low prices.
Oil and gas pipeline construction in the Permian has not kept up with output, which has more than doubled over the past three years, making the country the world’s largest oil producer.
Several new pipelines are in the works, but none are expected to enter service before late 2019. ...
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