Nelson: AXAS - good catch on those Permian oil transportation bottlenecks .... according to this article Cushing/Midland price differentials have reached an astronomic $9/bbl, versus a mere $0.37 on average for Q1. So a huge drop in realized prices. Some of the small producers hedge the differentials so are at least partly protected in the short term, but clearly this is a major negative for the rest of 2018 and early 2019 before new pipeline capacity comes online.
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