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Oil's Well That Ends Well? Not for Everyone
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Daily Data Dump
The good, the bad, and the ugly of Texas oil production.
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Daily Bulletin
Futures Curve
Lone Star Stories
U.S. Rep. Gabe Vasquez introduces legislation requiring oil and gas companies to fund medical costs of workers exposed to poor air quality and heat, citing the need for companies to prioritize and care for their workers.
New Mexico's record-breaking oil production has led to a projected multibillion-dollar surplus for the upcoming budget year, with general fund income potentially reaching $13 billion for the fiscal year July 2024 to June 2025.
Reader Question of the Day
What role do supercomputers play in simulating and optimizing oil reservoir management?
Supercomputers play a pivotal role in the oil and gas industry, particularly in simulating and optimizing oil reservoir management. Reservoir simulations are computationally intensive tasks, requiring the modeling of complex fluid dynamics, rock properties, and geological formations over vast spatial scales and extended periods. Supercomputers, with their immense processing power, enable the execution of these simulations at high resolutions and over multiple scenarios, providing a detailed understanding of reservoir behavior, potential production rates, and the best strategies for oil extraction.
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