In light of the recent earthquake in central Texas, the city of San Antonio warns that such tremors can be caused by oil and gas production. When we think earthquakes, most Americans visualize California, especially the San Andreas fault line which runs San Francisco down to the Mexican Baja. I can honestly say that this is the first time I heard about E&P being responsible. In any case, be prepared for yet ANOTHER challenge to drilling, especially in places with high tectonic activity. When the big one finally hits the Golden State, expect protesters out in Long Beach. –Stephen Payne, Editor, Oil and Gas Investor This Week; spayne@hartenergy.com
Recommended Reading
US Oil, Gas Rig Count Unchanged this Week
2024-11-01 - The oil and gas rig count held at 585 to Nov. 1. Baker Hughes said that puts the total rig count down 33 rigs, or 5% below this time last year.
Comstock: Monster Western Haynesville Wildcats Cost $30MM-plus
2024-10-31 - Comstock Resources is flowing back a 13th well currently in the play where the oldest has made 2.2 Bcf per 1,000 lateral feet to date in its first 29 months online.
Brazil’s Mero-3 Offshore Development Reaches First Oil
2024-10-30 - With the start-up of Mero-3, the production capacity of the Mero field has reached 590,000 bbl/d.
Matador’s U-lateral Delaware Tests Outproduce 2-mile Straight Holes
2024-10-30 - Matador Resources' results from eight Loving County, Texas, tests include two 2-mile U-turn laterals, five 2-mile straight laterals and one 1-mile straight lateral, according to state data.
Oceaneering Acquires Global Design Innovation
2024-10-30 - Oceaneering purchased Global Design Innovation, the only provider certified by the United Kingdom Accreditation Service (UKAS) to perform remote visual inspection using point cloud data and photographic images.