Week in Review: March 1, 2019
Fri, March 01, 2019
March 1, 2019
Energy Briefing
Six Reasons Why We Need More Pipelines in Texas
Pipelines are the safest, most environmentally responsible method of transporting oil and natural gas. With over 2.5 million miles of pipeline crisscrossing the United States and roughly 466,000 miles of pipeline throughout the state of Texas, pipelines play a crucial role in ensuring safe, efficient delivery of the energy we use every day. But even with this extensive pipeline network, more capacity is needed to allow the Texas energy boom to continue, as well as making sure Texas oil and natural gas reach consumers at home and our trading partners abroad.
Market Solution: New Pipeline Capacity Dwarfs Flared Gas Volumes in the Permian
The proposed pipeline capacity expected to come online in the Permian Basin over the next three years is vastly greater than the estimated volumes of flared gas, according to a Texans for Natural Gas analysis.
Regulators: Oil and Gas Boom in Texas Looks to Continue
"The good Lord has given the state of Texas in the last two years, the largest discovery of oil and gas in the history of the world," Commissioner Wayne Christian said.
The reserve found in the Wolfcamp Shale and Bone Spring Formation in West Texas is estimated to contain more than 46 billion barrels of oil and 281 trillion cubic feet of natural gas. In the calendar year 2017, the state produced 1.03 billion barrels of oil and 7.6 trillion cubic feet of natural gas, so the new discovery could support decades of production at current levels.
Take Action
Pipelines are the safest, most environmentally responsible method of transporting oil and natural gas. With over 2.5 million miles of pipeline crisscrossing the United States and roughly 466,000 miles of pipeline throughout the state of Texas, pipelines play a crucial role in ensuring safe, efficient delivery of the energy we use every day.
Click here to tell us why you support pipelines: https://twitter.com/TXforNatGas/status/1101578549037797376
In Case You Missed It
The United States exported a record amount of crude oil last week, as output from the nation's shale fields continues to surge. The nation shipped out just over 3.6 million barrels a day in the week through Feb. 15, according to the U.S. Energy Information Administration. That easily topped the previous all-time high of 3.2 million bpd set in November.
Click here to read more: https://www.texansfornaturalgas.com/us_crude_oil_exports_hit_a_record_last_week_at_3_6_million_barrels_a_day
