Targa Resources Corp (TRGP) Q4 2020 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
About 15% of US crude output remains offline after freeze-offs: S&P Global Platts
Much of US oil production has rebounded from the severe winter weather that struck much of the country starting the week of Feb. 14, including large domestic oil plays in Texas and Oklahoma, although an estimated 15% of all crude output still remains offline.
That means 3.4 million b/d have been restored of an estimated 4 million b/d that were shut in at peak early last week, Parker Fawcett, North American supply analyst for S&P Global Platts Analytics, said.
The shut-ins included a large chunk of the country’s largest oil play, the Permian Basin of West Texas and southeast New Mexico, which currently produces about 4.3 million b/d.
Targa Resources Corp (TRGP) Q4 2020 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Viper Energy Partners Fourth Quarter 2020 Earnings Call. At this time, all participants are in a listen-only mode. After the speakers presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today s call is being recorded.
[Operator Instructions] I would now like to hand the call over to Adam Lawlis, Vice President, Investor Relations. Please go ahead.
Adam Lawlis
Vice President, Investor Relations
Thank you, Michelle. Good morning, and welcome to Viper Energy Partners fourth quarter 2020 conference call. During our call today, we will reference an updated investor presentation, which can be found on Viper s website. Representing Viper today are Travis Stice, CEO; and Kaes Van t Hof, President.