It Won't Be Only The Bakken Affected By Cleon ...

... the Texas Permian is also gonna be affected.

Platts is reporting:

This week the winter storm, with the Weather Channel-bestowed named of Cleon, waved a snowy wand over the US’ north and midsection, which eventually migrated to the East Coast.   The result was a number of Permian-area facilities hit by power outages and ice that affected the basin’s production–a natural, obvious consequence of such weather.   Now Cleon is back, in the form of another Arctic blast that is currently swooping down on the US, with its eye fastened on a broad area that again includes the Midcontinent and parts of the Permian.

Permian operators Pioneer Natural Resources, Energen Resources, and smaller operators Laredo Petroleum and Legacy Resources have all reported impacts from Cleon, although currently not quantified, to their Q4 production.

Pioneer, echoing some of the other companies, said the severe weather “significantly” affected its production and drilling operations. These impacts were mainly felt in three operations: the Spraberry/Wolfcamp horizons in the Permian, South Texas’ Eagle Ford Shale and North Texas Barnett Shale combo plays.  

The company’s Spraberry/Wolfcamp operation, in the eastern Permian, “has been especially hard hit as heavy icing and low temperatures have resulted in extensive power outages, facilities freeze-ups, trucking curtailments and limited access to production and drilling facilities,” Pioneer said in a November 27 press release.

And if they can't get their contracted petroleum to the refineries, they will have to buy Venezuela oil on the spot market. Or something.