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Gas-tastrophe in Texas? Maybe Not
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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.
Never Quit 😢
Similarly, we find the oil producers who need a little help (i.e. call Barrel Hub).
If you’re wondering how we get this information, we’re under strict orders from OPEC not to disclose that (but if you want to know you can go here).
Daily Bulletin
Futures Curve
Lone Star Stories
Texas A&M researchers found over 50 permits allowing the dumping of oil field wastewater, containing toxins and chemicals, into creeks and streams without proper assessment. Despite the unknown environmental and health risks, Texas regulators are encouraging more wastewater discharges into water bodies from conventional drilling and fracking operations.
OWhile Texas gas prices rose this week, there's potential relief in sight as oil prices drop. El Paso had the highest increase at 20 cents, and Texas holds the sixth-cheapest gas price average in the U.S.
Reader Question of the Day
What are the latest advancements in tracer technology for monitoring oil reservoirs?
Tracer technology has seen significant advancements in recent years, enhancing the monitoring and management of oil reservoirs. One of the latest developments is the introduction of nano-sized tracers or nanoparticles. These nanoparticles can be engineered to have specific properties, allowing for improved reservoir characterization. They can travel through smaller pore spaces, providing detailed information about reservoir rock properties, fluid flow patterns, and even detecting the presence of hydrocarbons.
Another advancement is in the realm of chemical tracers, which now boast extended lifetimes and can differentiate between oil and water phases more effectively. These advanced chemical tracers can provide insights into fluid movement, helping to identify bypassed oil zones and improve sweep efficiency. Coupled with modern analytical techniques, the detection limits have been lowered, enabling the identification of even minute concentrations of tracers, thereby offering a more detailed and accurate understanding of reservoir dynamics.
Sources 1
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