FRIO COUNTY, Tex.—Drilling for oil and gas has been limited in Frio County, yet it has the largest population of wells for wastewater disposal, or wastewater injection, in South Texas.
For several decades in the US, earthquakes occurred at a steady rate of 21 events per year. Beginning in 2001, this rate began to increase and peaked in 2011 at 188 earthquakes.
DENVER, Colo.—"The Wolfcamp could possibly become the largest oil and gas discovery in the world," said Scott Sheffield, chief executive officer, Pioneer Natural Resources Co.
DENVER, Colo.—"Unconventional gas is changing the dynamic within the global gas trade network," Elizabeth Spomer, senior vice-president, business development, BG Group, told attendees at the inaugural Unconventional Resources Technology Conference in Denver.
DENVER, Colo.—Technology will transform the future of the oil and gas industry. "We believe there is a nontrivial chance that unconventional reservoirs may contain more recoverable oil and gas than all of the conventional reservoirs combined," said Greg Leveille, general manager, unconventional resources, ConocoPhillips.
An unconventional frac job requires 5 million gal of water on average. About 50-80% of this amount will flow back to surface within the first few weeks of production.
The contribution to the US energy supply from unconventional natural gas sources, such as shale, is increasing dramatically due in large part to advanced hydraulic fracturing.
On June 21, the Superior Court of Pennsylvania held that a lessee does not owe a duty to a lessor to develop each and every "economically exploitable strata" under an oil and gas lease.