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Lending Slowdown Won’t Derail U.S. Economy

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June 21 (UPI) -- Pipeline limitations near the U.S. inland storage hub in Cushing, Okla., create headwinds for growth in Colorado oil production, a state report found.

Colorado crude oil production more than tripled since 2010 and now accounts for about 4 percent of the total U.S. crude oil production. Anadarko Petroleum, one of the larger operators in the states, reported sales volumes of 58 million barrels of oil equivalent. From the Denver-Julesburg basin in Colorado the company reported an average of 260,000 barrels of oil equivalent per day, an 8 percent increase from the same period last year.

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Source : https://www.upi.com/Colorado-sees-bottlenecks-crimping-oil-production/7251529575370/

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