According to a recent report by the Houston Chronicle, the third week of July saw a drilling permit bonanza in the Lone Star State, with 286 drilling permits filed. Of these, nearly one third (95) were filed for the development of new saltwater disposal (SWD) wells, giving new meaning to the term “drill baby drill”.Read more
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A new report by the US Geological Survey (USGS) states that the Delaware Basin’s Wolfcamp shale and Bone Springs Formation hold the largest potential oil and gas resources ever discovered. The regions may hold as much as 46.3 billion barrels of oil, 281 trillion cubic feet of gas and 20 billion barrels of NGL. Read more
A magnitude 4.0 earthquake recorded northeast of Amarillo on October 20th has seismologists asking an increasingly familiar question: was the earthquake a result of naturally occurring shifts in fault systems? Or, was it induced by oil and gas activities in the region? Earthquakes are not new to the Texas Panhandle. The region has aRead more