I recently ran across an article on Investing.com, “The Problematic Truth About U.S. Shale Oil Production,” by Dr. Ellen Wald, who hosts a podcast about global energy. Dr. Wald reports on her recent podcast discussion with Art Berman, a geology consultant and frequent speaker and author. It reminded me that…
My clients regularly complain of flares from wells on their property. Most leases don’t require royalty payments on flared gas, so their royalty is going up in smoke. Flares often don’t function properly, resulting in emissions of toxic gases. Flares make noise. The Environmental Defense Fund recently released an excellent…
From UT Austin Bureau of Economic Geology, Credit: Bridget Scanlon. Click to enlarge.
The rising cost of sand is causing producers to reduce its use in fracking. See article from Reuters. Reduced demand for sand could cool the Permian sand mine boom. According to the Houston Chronicle, the lower cost of Permian sand could cut operators’ sand costs by 40%.
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This article appeared yesterday in the New York Times: Land Rush in Permian Basin, Where Oil Is Stacked Like a Layer Cake. Exxon announced a $6.6 billion deal to buy the Bass family’s position in the Permian. Noble Energy agreed to buy Clayton Williams Energy for $2.7 billion, acquiring Williams’…
The news this week is full of stories about the EIA’s new figures on the amount of recoverable oil in the Permian Basin. Unlike the rest of the country, the rig count in the Permian is rising and is now equal to all other rigs in the country combined. Permian…
Apache has announced that it is sitting on as much as 75 trillion cubic feet of rich gas and 3 billion barrels of oil under 352,000 acres in southern Reeves County. It calls its prospect the “Alpine High.” The hydrocarbons are in a 4-5,000-foot thick segment encompassing 2-3,000 locations in…
From Fuelfix: New federal data shows that the Energy Department expects drillers in the Permian Basin to push oil production in the shale play above 2 million barrels per day for the first time ever this November. The U.S. Energy Information Administration’s monthly Drilling Productivity Report released Monday, which covers…
Ceres, a nonprofit focusing on climate change, water scarcity and sustainability, has issued a report, Hydraulic Fracturing & Water Stress: Water Demand by the Numbers, a Shareholder, Lender & Operator Guide to Water Sourcing. Here are some excerpts: ________________________________________________________________________________ ________________________________________________________________________________________ ______________________________________________________________________________________ ________________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________________ ____________________________________________________________________________________