While the Biden administration continues pounding oil and gas companies, accusing them of intentionally lagging on new drilling and production, a new survey by the Dallas Federal Reserve Bank shows those firms are hit hard by shortages of manpower and equipment.
The findings mirror those of North Dakota reports that it took 2-3 months to fully train some oilfield workers before firms could fully resume operations following delays caused by two April winter storms.
In some cases, company leadership indicated it would take months to drill even a single new, unplanned well reported Hart Energy.
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