The United States will drive global oil supply growth over the next five years thanks to the remarkable strength of its shale industry, triggering a rapid transformation of world oil markets according to the IEA.
Co-located with Milestone’s existing Orla slurry injection facility, which opened in July 2018, the new 80-acre landfill will accept all RCRA-exempt oilfield waste streams, including cuttings and contaminated soils, with room to expand capacity.
MGX Minerals Inc. intends to recover lithium from produced water generated across the Marcellus shale play on the eastern U.S. The Canadian-based company has created a system that can separate lithium from brine water.
The compact changes the current 50-50 tax revenue split so that 80 percent of the production and extraction tax revenue from new wells on tribal trust lands would go to the tribe and 20 percent would go to the state.
ExxonMobil has revised its Permian Basin growth plans to produce more than 1 million oil-equivalent barrels per day by as early as 2024, an increase of nearly 80 percent and a significant acceleration of value.
Oasis Petroleum is focusing on generating free cash flow at oil prices in the $50/barrel West Texas Intermediate range. The Williston Basin and Delaware Basin operator will spend less capital this year to do so.