Abandoned Wells Turn Ghostly Greenhouse Gas Emitters

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Daily Data Dump

The good, the bad, and the ugly of Texas oil production.

Best of the Best 🏆️

Every week, we sift through our proprietary data to find the best performers in Texas.

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Similarly, we find the oil producers who need a little help (i.e. call Barrel Hub).

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Daily Bulletin

Futures Curve

Lone Star Stories

Looks like Texas gas prices are trying their best to stay low-key this summer. According to the Dallas Fed's energy survey, the tortoise-speed rise has oil at around $70 per barrel and natural gas under $3 per MMBTU. Just like our renowned Texas BBQ, these prices might feel the heat and climb a bit. So, Texans, enjoy the smooth ride while it lasts.

Abandoned and orphaned oil wells across the U.S. are environmental time bombs, spewing hazardous gases and toxins. Legislation and programs are being implemented to address the costly cleanup and to prevent future well abandonment.

Reader Question of the Day

How is natural gas formed?

Natural gas is a fossil fuel that primarily consists of methane.

It is formed from the remains of plants and animals that lived millions of years ago.

These remains were covered by layers of sand and rock over time. Under high pressure and temperature conditions, the organic material undergoes a transformation process called catagenesis.

The heat breaks down the organic material and forms hydrocarbons, a molecule composed of hydrogen and carbon. Over time, these hydrocarbons can migrate and accumulate in large quantities to form a natural gas deposit, often found deep underground in small pockets.

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