Energy consultancy Rystad warns some Texas shale oil and gas producers in the Permian Basin could lose nearly half of their wastewater disposal capacity because of earthquake restrictions taken by the Texas Railroad Commission. Some of the wells in the region where the Commission is shutting down deep injection wells include wells run by …
January 7, 2022 archive
SEC alleges Ponzi scheme in Permian Basin investments
The U.S. Securities and Exchange Commission this week sued Heartland Group Ventures LLC, its founders and a slew of affiliates who raised $122 million from more than 700 investors in Permian Basin what were to be oil and gas projects in the Permian Basin. Click here for Bloomberg.
Iowa farmers push back on proposed CO2 pipeline
“This isn’t Texas or Oklahoma. This is Iowa and things are different here.” Iowa landowners are voicing their opposition to the plans of a Texas company to build a multi-billion dollar CO2 pipeline connecting to 40 ethanol plants. Click here for Ames Tribune.
Texas regulators praised for moving quickly on oilfield earthquakes
Texas should have learned a lesson from Oklahoma in handling earthquakes that researchers believe were caused by extensive use of saltwater disposal wells. Instead, Texas regulators hesitated and only recently took some firm action in putting certain restrictions on the use of the wells that make up the prolific Permian Basin. It drew the …
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