Newer wells drilled close to older wells are generally pumping less oil and gas and could permanently hurt output, leading frackers to cut back on the number of sites planned and forecasts on overall production to be trimmed.
Similar Stories to Shale Companies, Adding Ever More Wells, Threaten Future Of U.s. Oil Boom on Bing News
WSJ.com: What's News Asia, Wall Street Journal: What's News Asia
Sun, 03/03/2019 - 7:55pm
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BING NEWS:
- California’s effort to plug abandoned, chemical-spewing oil wells gets $35-million boost
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05/17/2024 - 11:00 pm | View Link - Oil, gas groups sue to block US rule raising drilling fees on public lands
Fossil fuel groups have sued the U.S. Bureau of Land Management seeking to block a rule that will raise fees for oil and gas development on federal lands as a part of the U.S. government's broader ...
05/16/2024 - 8:00 am | View Link - What Biden’s oil record means for the industry’s future
U.S. oil production is at record highs despite the president’s pledge to end the federal oil program. President Joe Biden entered the White House promising to end drilling on public lands. Instead, he ...
05/12/2024 - 11:48 pm | View Link - Oil companies must set aside more money to plug wells, a new rule says. But it won’t be enough.
Money previously set aside to clean up wells on federal land would have covered the cost of fewer than 1 out of 100, and a majority of the country’s wells will need to be plugged soon.
05/5/2024 - 11:02 pm | View Link - Oil Companies Contaminated a Family Farm. The Courts and Regulators Let the Drillers Walk Away.
The oil and gas industry has reaped profits without ensuring there will be money to plug and clean up their wells. In Oklahoma, that work could cost more than $7 billion if it falls to the state.
05/5/2024 - 10:00 pm | View Link - More
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