Skip to comments.Rising production in the Permian basin
Posted on 07/11/2012 7:33:58 AM PDT by thackney
The Permian Basina long-time oil and natural gas producing region in west Texas and eastern New Mexicois showing signs of new life. The active rig count has grown from 100 rigs in mid-2009 to over 500 rigs in May 2012. According to data from the Texas Railroad Commission and the New Mexico Energy, Minerals and Natural Resources Department, oil production from the Permian has increased fairly steadily over the past few years, reaching the 1 million barrels per day (bbl/d) threshold in late 2011the first time since 1998.
Growing oil production in the Permian Basin and other Texas plays, most notably the Eagle Ford shale, may be starting to strain existing takeaway capacity and is creating a need for Texas oil to serve more distant refineries. While new pipeline projects are scheduled to come online, current transportation constraints have caused Permian crude oil, which is priced in Midland, Texas, to sell at a significant discount to WTI beginning in January 2012.
Having more oil than you can ship out is nice, I guess.
Is this private land or government land?
Private and state(?) in Texas. Federal (BLM), state and private in NM.
Note that within the area there are smaller "basins" but the overall area is referred to as the Permian. Most references to the Permian are more about geography than geology.
They have been trying.
Save the Sand-Dune Lizard?
But so far are not winning.
Rare sand dune lizard not endangered by oil and gas development
Reference of the area for those interested:
The presence of rocks of Permian age was first reported by George G. and Benjamin F. Shumard in 1858 after a study of outcrops in the Guadalupe Mountains. Later work in West Texas by Johan August Udden and his associates in the Bureau of Economic Geology at the University of Texas contributed to knowledge of the age, structure, and stratigraphy of sediments found in outcrops around its Texas margin. When the Permian sea retreated southward, it left the Permian Basin area with a restricted outlet. This resulted in an inland sea where evaporation greatly exceeded fluid intake, and a great thickness of “evaporite” sediments was deposited; one of these was potash, a critical commodity during World War I, until then a product obtained from Germany. Udden’s early investigations led the United States Geological Survey to concentrate much of its early effort in the search for potash in this area. The first commercial deposit was found in New Mexico in 1925. Up to 1967 all seven of the potash companies operating in the Permian Basin, representing an investment of some $200 million, were located in New Mexico. Texas deposits have not been developed because of the more expensive processes involved.
The entire Permian Basin during 1966 produced a total of 607 million barrels of oil and 2.3 trillion cubic feet of gas for a total of $2 billion. A cumulative total of 11.3 billion barrels of oil had been produced. Intrastate and interstate gas pipeline systems were expanded throughout the area, and Midland-Odessa was the headquarters for the oil and gas industry in the Permian Basin area. Hundreds of millions of dollars have been spent on petrochemical refineries and supplemental construction work in the Permian Basin, which was rated the largest inland petrochemical complex in the United States. Some of the more commonly known Permian Basin petrochemical products were synthetic rubber, plastics, emulsion paints, solvents, food wrappers, nylon, ammonia, nitric acid, hydrogen, and fertilizer. In 1992 the Texas counties of the Permian basin produced over 217 million barrels of oil. Total production for that region up to the beginning of 1993 was over 14.9 billion barrels.
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More info at the link.
Some things in life are a certainty!
You just know these wackos will trot some obscure lizard or insect out to thwart our drive for energy independence.
Doesn't matter where in the nation it is.
What is refining capacity currently at in Texas?
green for oil, red for gas and blue for products
Sorry, I forgot the link for Refining Data:
This includes breakdown capacity of downstream units within the refineries, but when most people talk about refinery capacity, they mean how much crude oil comes in.
Bump for later.
Bump for later.
Dunes Sagebrush Lizard O’la YUM!!!
25-30 Dunes Sagebrush Lizards
After skinning the Dunes Sagebrush Lizard, dress and cut up the meat. Marinate it in sour orange juice, or in sweet orange juice acidoulated with lemon juice. Add 1 teaspoon whole peppers and a dash nutmeg.
After three hours, drain and wipe the meat dry, season with salt, dip in beaten egg and in fine bread crumbs, and fry in deep, hot fat. Or it may be sauteed butter until it is brown and tender.
COME AND TAKE IT!
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