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MCS - Unit shifts activity to oilier areas on widening gas differentials - May 22, 2019
According to Unit Corp. COO David Merrill, Permian gas takeaway constraints are affecting the Midcontinent region. “Natural gas associated with crude oil production is seeking any possible outlet and as such some has moved into the Midcontinent region, negatively impacting prices in western Oklahoma and the Texas Panhandle and in some cases, leading to takeaway constraints,” Merrill said on the company’s Q1 earnings call. The situation has led to increased negative differentials for Unit’s gas production, leading the company to......
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