Tag Archives: oil production
By Mitch Borden A day after West Texas Intermediate dropped into negative prices, the Texas Railroad Commission, the state’s oil and gas regulator, debated capping oil production in the state for the first time in nearly 50 years. This is … Continue reading
By Mitch Borden The federal government’s energy outlook for 2019 looks to be pretty positive for oil producers in West Texas. It is predicting the country will continue to see recording-breaking oil production. By next year, the Energy Information Administration, or … Continue reading
In the next 10 years, West Texas’ Permian Basin will continue to dominate U.S. oil supply, according to a new production forecast from an oil and gas consultancy.
A new study suggests oil production in the Permian Basin could peak as early as 2021 due to geological constraints. This was the downside scenario gamed out by researchers with industry intelligence company Wood Mackenzie. “We’re going to drill really … Continue reading