Permian Basin: The Star of the Oil Show

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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

Lone Star Stories

• Methane Rule Rift: States Divided Over EPA's New Plan

The EPA's new methane emissions rule, targeting older oil and gas infrastructure, receives mixed responses from state environmental agencies, with some already enforcing similar standards and others worried about increased costs and regulatory burdens. Amidst concerns over potential state lawsuits and implementation challenges, the rule is a key part of the Biden administration's strategy to significantly reduce methane emissions by 2038.

• Permian Basin: The Star of the Oil Show

The Permian Basin is pivotal in U.S. oil and gas, with projections of record global demand in 2023-2024 and Texas contributing over 27% of total U.S. production. Despite power demand challenges, Texas's oil and gas exports exceeded $162 billion in early 2023, signaling strong, sustained growth in the region.

Reader Question of the Day

How are oil companies engaging with local communities to ensure social license to operate?

Quantum computing is poised to transform oil exploration by rapidly analyzing geological data, helping to identify potential oil reserves more accurately. This technology's ability to process vast amounts of data quickly is like having a supercharged detective, speeding up the search for oil and making it more precise.

In data processing, quantum computing will excel at handling the large datasets from seismic surveys, improving the modeling of underground structures. This enhanced capability will lead to more accurate predictions of where oil is located, akin to solving a complex puzzle at lightning speed. This advancement promises to make oil exploration more efficient and cost-effective.

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