Across the United States, there’s “a growing understanding of how to use the technology to get at the resources.” Domestic crude oil production in the U.S. averaged more than six million bbl/d for the first quarter of 2012 for the first time since 1998. The U.S. Energy Information Administration attributed the milestone to growth of […]
News Reviews
Barry Smitherman, chairman of the Texas Railroad Commission, testified in Washington, D.C., June 6 before the Energy and Commerce Committee of the U.S. House of Representatives about how some federal policies of the U.S. Environmental Protection Agency are “misguided and detrimental” to energy production in Texas. “Mr. [Al] Armendariz’ agenda was seemingly politically driven and […]
News Reviews
Ripple Effects As the wider public gets a fuller appreciation for the Permian’s productivity, estimates keep climbing, boom towns keep booming, and export prospects pick up traction. Scott Sheffield says Wall Street never loved the Spraberry, a large oil field in six counties of west Texas, until three or four years ago. But at the […]
Aquifers and Acquisitions
Energy economist Karr Ingham called the rebound in late 2011 and early 2012 of the price of a barrel of crude oil “a movement of prices” not “a price spike.” He told the Midland Reporter-Telegram, “It is a movement of prices, particularly oil, to a new plateau.” Ingham said the monthly average rig count for […]
Aquifers and Acquisitions
Energy economist Karr Ingham called the rebound in late 2011 and early 2012 of the price of a barrel of crude oil “a movement of prices” not “a price spike.” He told the Midland Reporter-Telegram, “It is a movement of prices, particularly oil, to a new plateau.” Ingham said the monthly average rig count for […]
News Reviews
The Texas Railroad Commission recently adopted what it calls one of the nation’s most comprehensive chemical disclosure rules for hydraulic fracturing fluids. The rule will require Texas oil and gas operators to disclose on a website chemical ingredients and water volumes used to hydraulically fracture wells in Texas. The rule applies to wells that receive […]
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