Capitol Crude Podcast: The great Permian oil production slowdown of 2019
LISTEN HERE: https://www.spglobal.com/platts/en/market-insights/podcasts/crude/110419-permian-oil-production-slowdown
US oil producers are bracing for a tough end to 2019: flat prices, falling rig counts, slower drilling permits and fewer well completions.
Karr Ingham, a petroleum economist from Amarillo, Texas, and the executive vice president of the Texas Alliance of Energy Producers, says those factors will not lead to lower oil production — just a slower rate of growth than the record pace we saw in 2018.
In addition to the price and production outlook, we talked about an issue that could become an existential threat to the industry: the rapidly increasing volumes of produced water, how to recycle more of it, where to dispose of it as reservoirs fill up – and the potential for additional regulation if a future Democratic president wants to enact a fracking ban.
Alliance study on water study: https://texasalliance.org/white-paper/
Produced Water Society “Water in Oil” Newsletter: “Texas Alliance publishes produced water white paper,” Sept. 27, 2019:
Natural Gas Intelligence Shale Daily: “Texas E&P Alliance Pushing for Sustainable Produced Water Use,” by Carolyn Davis (Subscription required), Sept. 23, 2019:
ABC7 Amarillo: “Middle East oil troubles don’t shatter the U.S. market as they used to, by Morgan Burrell,” Sept. 23, 2019:
World Pipelines: “Who’s In Charge Here?” by John Tintera, North American 2019 issue,
Hart Energy: “Texas Can Recycle Produced Water Wisely. Here’s How,” by Faiza Rizvi (Subscription required), Sept. 18, 2019:
API Energy Tomorrow Blog: “Foster Progress on Water Reuse and Recycle,” by Mark Green, Sept. 17, 2019:
Upstream Online: “Water reuse set to grow in Texas operations,” by Caroline Evans (Full article below), Sept. 16, 2019:
Houston Chronicle: “Energy executives, environmentalists remember ‘visionary’ T. Boone Pickens,” by Sergio Chapa, Sept. 12, 2019:
Texas Insider: “INGHAM: TEXAS’ UPSTREAM OIL & GAS ECONOMY MAY BE SLOWING,” Sept. 11, 2019: