Oil and gas exploration involves a lot of water. A recent study commissioned by the Texas Water Development Board predicts that the oil and gas industry’s demand for water in exploration, development, and extraction operations will continue rising through at least the year 2030.
Oil and gas price volatility has always been an inescapable element of the energy business. That said, the current confluence of events is unprecedented and would have been hard to predict.
Due perhaps to geologic serendipity, Texas has a long and extensive history of oil and gas exploration and production. Consequently, much of Texas’ lands have experienced...
Oil and gas price volatility is as much a part of the energy business as drill bits. Few predicted that the current down-cycle would be as long or as deep as it is proving to be.
