The nation’s top oil producer is attracting more than a few glances from operators not already established in West Texas, but companies with exclusive and lucrative Permian acreage are holding on tight.
Corporate executives have no way of knowing what the world will look like over the next four decades as long as U.S. political strife keeps kicking up a cloud of uncertainty over the economy, Greenspan says.
Former U.S. Secretary of Interior Ken Salazar said Wednesday morning that he believes hydraulic fracturing is safe, and the energy industry should work to convince the public that it doesn’t pose a safety threat.
Salazar is set to speak at the North American Prospect Expo, a conference marked by a frenzy of wheeling and dealing, as landowners from around the globe look to make deals with oil, gas and pipeline companies.
Natural gas production continues to be strong in the U.S. as firms tap shale plays that are largely on private lands, even as production on federal lands has fallen, an Energy Information Administration official said Wednesday.
The annual Summer NAPE event has launched in Houston, opening a marketplace of oil and gas land trading at the downtown George R. Brown Convention center. Energy reporter Harry Weber will be on the scene, providing live coverage of the North America Prospect Expo.
The team of oilmen hoping to strike it rich at Spindletop spent Thursday meeting would-be investors at the NAPE convention in Houston and explaining why they believe there is yet more money to be made under the historic oil field.
The name evokes an oil discovery that made history. When a well piercing the salt dome near Beaumont first gushed in 1901, it introduced a cheap supply of commercial energy that transformed the oil industry and American life.
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