Toxic substance or water supply?
Lawmakers to weigh whether wastewater from oil fields could replenish the state s aquifers
BY ERIN DOUGLAS, Texas Tribune
Jan. 21, 2021
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FILE photo- Drilling and natural fracking wells in the Haynesville shale in East Texas lead by Exxon Mobile and XO Energy on Tuesday, July 19, 2016.Elizabeth Conley, Staff photographer / Staff photographer
But that’s not all that comes up out of the earth.
Salty, contaminated water held in porous rocks formed hundreds of millions of years ago is also drawn to the surface during oil production. Before an oil price war and the coronavirus pandemic caused prices to crash in March, Texas wells were producing more than 26 million barrels of the ancient and contaminated water a day, according to an analysis by S&P Global Platts.
Shale needs more than $50 oil, Saudi cut to boom again
Sheela Tobben and Alix Steel, Bloomberg
Jan. 6, 2021
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Drilling and natural fracking wells in the Haynesville shale in East Texas lead by Exxon Mobile and XO Energy on Tuesday, July 19, 2016.Elizabeth Conley/Staff photographer
Don’t count on America’s shale industry to boom once again in response to $50-a-barrel oil and Saudi Arabia’s plan to throttle back its own oil production.
What in previous years might have triggered a knee-jerk reaction by U.S. oil explorers to raise output and grab market share is, this time around, more just an opportunity for them to pay down debt or boost dividends.
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