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Jan. 19—The rig count in the Permian Basin was down two this week, the latest count Friday by Baker Hughes shows, with 307 rigs active in the region. A year ago, 354 rigs were active in the region.
Nov. 24—The rig count in the Permian Basin was unchanged this week, the latest count Friday by Baker Hughes shows, with 311 rigs active in the region. A year ago, 352 rigs were active in the region.
Nationally, the oil and gas rig count is down one from last week at 584 rigs. A year ago, 675 rigs were active. The count shows that 478 rigs sought oil, down one from the previous week, and 100
The Deepwater Horizon oil spill began on April 20, 2010 when an explosion struck the rig, it occurred in the Gulf of Mexico on the BP-operated Macondo Prospect.Killing eleven people, it is considered the largest marine oil spill in the history of the petroleum industry and sources estimated that between 134–206 million barrels of oil was released into the gulf.
US shale gas basins, 2011. Shale gas in the United States is an available source of unconventional natural gas.Led by new applications of hydraulic fracturing technology and horizontal drilling, development of new sources of shale gas has offset declines in production from conventional gas reservoirs, and has led to major increases in reserves of U.S. natural gas.
Oil reserves in the Permian Basin were first documented by W.H Abrams in Mitchell County, West Texas in 1920. The first commercial well was opened a year later in 1921, in the newly discovered Westbrook Oil Field in Mitchell County, at a depth of 2,498 feet (761 m). Initially, the Permian Basin was thought to have a bowl-like shape, with ...
Jun. 7—The rig count in the Permian Basin was unchanged this week, the latest count Friday by Baker Hughes shows, with 310 rigs active in the region. A year ago, 346 rigs were active in the region.
The moratorium banned federal leasing through the year 2000 off the East Coast, West Coast, the eastern Gulf of Mexico (offshore Florida Gulf Coast), and the Northern Aleutian Basin of Alaska. In 1998, President Bill Clinton extended the moratorium through 2012. In July 2008, President George W. Bush rescinded the executive order.