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Flying High, Spotting Methane: A Texas Tale
Barrel Hub
August 10, 2023
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Daily Data Dump
The good, the bad, and the ugly of Texas oil production.
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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
Virginia Palacios took an aerial tour to witness the methane emissions from Texas oil and gas wells. As environmental concerns rise, activists and industry leaders alike discuss the urgent need to address the emissions, with hopes of ending routine flaring by 2030.
Despite accusations from critics that President Biden is harming the oil industry, US oil production is set to break previous records, potentially reaching an average of 12.8 million barrels per day this year. The increase in production, largely due to rebounding oil prices and more efficient drilling, challenges the narrative that the Biden administration is imposing excessive regulatory restrictions on the oil industry.
Reader Question of the Day
How does the use of drilling muds vary based on the geology of the drilling site?
Drilling muds, or drilling fluids, are essential components of the drilling process, serving several critical roles such as cooling and lubricating the drill bit, stabilizing the wellbore, and carrying drill cuttings to the surface. The composition and properties of drilling muds are adjusted based on the geology of the drilling site to handle different challenges and optimize drilling performance. Here's how the use of drilling muds varies based on geology:
Shale Formations
Sandy Formations
High-Temperature and High-Pressure (HTHP) Wells
Salt Formations
Carbonate and Reactive Formations
Fractured Formations
HPHT Reservoirs with Gas
Environmentally Sensitive Areas
In conclusion, the geology of the drilling site plays a pivotal role in dictating the type and formulation of the drilling mud. Selecting the appropriate mud composition helps in achieving efficient drilling, reducing costs, and ensuring the safety of operations.
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