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"The US, meanwhile, seemingly convinced that power grows out of the barrel, has succumbed to a kind of decadence. Trump’s war on EVs fits with a wider disdain for energy conservation in general, thereby forgetting an important lesson from the last Iran-related oil shock.
If you think Exxon doesn't have a produced water problem in New Mexico, think again. Many of its HZ wells have WOR of 60-70%. Pressure depletion manifests itself in many ways, one of the increased water cuts.
Not to worry, Exxon, like just about every other operator in the New Mexico Permian, sends its water down to Texas for disposal. New Mexico does not like earthquakes, heaving and sinking of the surface, nor produced water bubbling up out of old abandoned wells...Texas doesn't mind it all.
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The materials provided on this site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice. I may make data related mistakes occasionally; if you use my opinions about oil reserves or shale well economics for financial purposes, to buy or sell stocks, your nuts. Don't do that. If I have used a photograph incorrectly it was for educational purposes and I have done my best of to give credit where credit is due. My stories are all true, slightly embellished, perhaps, but true; I don't change names to protect the guilty. I am as accurate as possible about history and historical facts; I work very hard at that.All rights are reserved, whatever that means. Don't blame me, I didn't do it.
