Posted February 20, 2014
Welcome to ‘Saudi Texas’
U.S. News & World Report (Laskoski): To fully appreciate what many of us may simply take for granted — that the Lone Star state produces oil as easily as McDonald’s produces hamburgers — it sometimes helps to look elsewhere to appreciate the actual scale by which we should view such things.
The Associated Press reported this month that North Dakota produced 313 million barrels of oil in 2013, a record amount, and about 70 million more than it produced in 2012. For North Dakota, that’s six consecutive years of record oil production. State data shows that the 185 oil rigs working there now double the amount from four years ago. And you’ve certainly heard about the economic boom and jobs growth that has drawn thousands from all across the country seeking their fortune.
But when your attention is drawn to the Texas oil boom, that discussion takes place on another plane because of the previously inaccessible shale wealth that transforms state economies via fracking. Jonathan Cogan of the Energy Information Administration noted this week that production in the Eagle Ford formation in South Texas reached 1.2 million barrels per day in December. Additionally, production from the Permian Basin averaged 1.3 million bpd and is projected to grow more than any other U.S. region through 2015.
Read more: http://bit.ly/1bq2sIT
More industry news:
America’s Shale Boom is a Major Job Creator: http://bit.ly/1jgY6UF
U.S. Chemical Investment Linked to Shale Gas Reaches $100 Billion: http://bit.ly/Of90Qt
Pennsylvania Shale Production Continued to Grow in 2013: http://bit.ly/1bq0wQE
Texas Regulators Defend Themselves over Eagle Ford Air-Quality Report: http://bit.ly/MEGhUg
Column: Don’t Give into Fear Tactics; Get the Facts about Fracking: http://bit.ly/1cuCZwf
New York Town Votes Down Fracking Moratorium: http://bit.ly/MENrrD
ABOUT THE AUTHOR
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.