Shut-in (oil drilling)

{{Dicdef|date=May 2023}}

In the petroleum industry, shutting-in is the implementation of a production cap set lower than the available output of a specific site.{{cite web|author=Staff Writer|publisher=Double-Tongued Dictionary|date=2004-09-24|accessdate=2008-08-19|title=Dictionary definition of "shut in"|url=http://www.doubletongued.org/index.php/dictionary/shut_in/}} This may be part of an attempt to constrict the oil supply{{cite speech|title=Oil supply held precarious, gas reserves just adequate |first1=Thomas |last1=Kennedy |date=1978-03-01 |url=http://www.doubletongued.org/index.php/citations/shut_in_2/ |accessdate=2008-08-19}} or a necessary precaution when crews are evacuated ahead of a natural disaster.{{cite web|author=Susan Weaver|publisher=U.S. Department of the Interior|date=2005-08-30|accessdate=2008-08-19|title=Hurricane Katrina Evacuation and Production Shut-in Statistics Report as of Tuesday, August 30, 2005|url=http://www.mms.gov/ooc/press/2005/press0830.htm|url-status=dead|archiveurl=https://web.archive.org/web/20080918013520/http://www.mms.gov/ooc/press/2005/press0830.htm|archivedate=September 18, 2008}}

In April 2020, as a result of oil futures trading negative, Oklahoma and New Mexico voted to allow wells to shut-in in order to reduce production to combat oversupply.{{cite web|url=https://finance.yahoo.com/news/oklahoma-regulators-approve-application-classifying-150734409.html|author=Liz Hampton|publisher=Reuters|title=Oklahoma will let struggling oil producers halt output without breaking contracts|date=2020-04-22|accessdate=2020-04-22}}