Week In Review: November 23, 2018
Fri, November 23, 2018
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November 23, 2018
The Wolfcamp shale play has been a key driver of growing oil and gas production in West Texas' booming Permian Basin oil field, according to the Energy Department. The increased output from the Wolfcamp has helped make the Permian the top producing oil field in the United States and a focus for billions of dollars of investments. Oil production from the Wolfcamp as of September reached 1 million barrels a day and natural gas 4 billion cubic feet a day, according to a new Energy Department.
Permian Strategic Partnership is made up of 17 companies committed to providing more than $100 million over the next several years as seed money to spur additional private sector investment. As leaders of major energy companies operating in the Permian Basin, we often engage in spirited competition with each other for quality workers, leases and equipment, and to make our individual companies the best operators and service providers in the industry.
The United States is producing record amounts of natural gas, and we’re quickly becoming one of the world’s largest exporters. But what makes it so important? Here are 7 reasons why natural gas is an essential part of our daily lives.
This Week's Topic: Thanksgiving
We hope y'all had a great Thanksgiving! How big of a role does the oil and natural gas industry have in American Thanksgiving traditions? Read to find out.
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