The Local Economic Impacts of Horizontal Drilling in Texas

The Local Economic Impacts of Horizontal Drilling in Texas
Author: Jiapei Guo
Publisher:
Total Pages: 51
Release: 2015
Genre: Gas drilling (Petroleum engineering)
ISBN:

The combination of horizontal drilling and hydraulic fracturing around 2003 has generated substantial local economic gains in various areas with unconventional oil and gas plays across the U.S. This paper estimates the impacts of the horizontal drilling activity on employment and other labor market outcome measures for counties in Texas from 1995 to 2012. Results suggest that the boom of horizontal drilling activities has brought increases in employment and wage and salary income, but decreases in median household income. Specifically for the period 2003 to 2012, every new horizontal drilling permit issued created on average 3.5 more jobs in Texas. This paper has two main contributions. First, it includes all 254 counties of Texas into analysis without trimming any metropolitan counties to estimate the potential different effects of drilling between metropolitan and nonmetropolitan areas. Second, it employs horizontal drilling permits rather than gas production as the primary measure of economic outcomes of interest.

Horizontal Drilling in the Lower Glen Rose Formation, Maverick County, Texas

Horizontal Drilling in the Lower Glen Rose Formation, Maverick County, Texas
Author:
Publisher:
Total Pages: 24
Release: 1992
Genre:
ISBN:

This paper presents preliminary results of a project to assess the economic viability of horizontal drilling in the Lower Glen Rose Formation of Maverick County, Texas. This project is part of an ongoing Department of Energy investigation of directional drilling in the development of gas resources within the United States. The paper includes: project description; results covering geologic setting, reservoir engineering, and seismic surveys; and future work on drilling location selection, drilling, and well completion. (AT).

Evaluation of Target Reservoirs for Horizontal Drilling

Evaluation of Target Reservoirs for Horizontal Drilling
Author:
Publisher:
Total Pages: 17
Release: 1993
Genre:
ISBN:

The primary objective of this project is to test the hypothesis that a horizontally drilled borehole can increase gas production sufficiently from the Lower Glen Rose Formation to provide an economic advantage over conventional vertical drilling. Additional objectives are to conduct detailed investigations of reservoir properties and completion methods. This paper presents preliminary results of a project, co-funded by PrimeEnergy and the United States Department of Energy (DOE), to assess the economic viability of horizontal drilling in the Lower Glen Rose Formation of Maverick County, Texas. This project is part of an ongoing DOE investigation of directional drilling in the development of tight gas resources within the United States. This paper builds on data presented in Muncey (1992) with data from two vertical tests of the Lower Glen Rose Formation, both drilled in 1993, and the analysis of approximately 20 line-miles of high-resolution seismic data recorded in 1992 and 1993.

The New Map

The New Map
Author: Daniel Yergin
Publisher: Penguin
Total Pages: 544
Release: 2020-09-15
Genre: Business & Economics
ISBN: 0698191056

A Wall Street Journal besteller and a USA Today Best Book of 2020 Named Energy Writer of the Year for The New Map by the American Energy Society “A master class on how the world works.” —NPR Pulitzer Prize-winning author and global energy expert, Daniel Yergin offers a revelatory new account of how energy revolutions, climate battles, and geopolitics are mapping our future The world is being shaken by the collision of energy, climate change, and the clashing power of nations in a time of global crisis. Out of this tumult is emerging a new map of energy and geopolitics. The “shale revolution” in oil and gas has transformed the American economy, ending the “era of shortage” but introducing a turbulent new era. Almost overnight, the United States has become the world's number one energy powerhouse. Yet concern about energy's role in climate change is challenging the global economy and way of life, accelerating a second energy revolution in the search for a low-carbon future. All of this has been made starker and more urgent by the coronavirus pandemic and the economic dark age that it has wrought. World politics is being upended, as a new cold war develops between the United States and China, and the rivalry grows more dangerous with Russia, which is pivoting east toward Beijing. Vladimir Putin and China's Xi Jinping are converging both on energy and on challenging American leadership, as China projects its power and influence in all directions. The South China Sea, claimed by China and the world's most critical trade route, could become the arena where the United States and China directly collide. The map of the Middle East, which was laid down after World War I, is being challenged by jihadists, revolutionary Iran, ethnic and religious clashes, and restive populations. But the region has also been shocked by the two recent oil price collapses--and by the very question of oil's future in the rest of this century. A master storyteller and global energy expert, Daniel Yergin takes the reader on an utterly riveting and timely journey across the world's new map. He illuminates the great energy and geopolitical questions in an era of rising political turbulence and points to the profound challenges that lie ahead.

Drilling a Straight Hole

Drilling a Straight Hole
Author: William E. Jackson
Publisher:
Total Pages: 0
Release: 2000
Genre: Oil well drilling
ISBN: 9780886981938

Describes factors affecting hole deviation and methods of controlling it; explains the purpose of each tool in the bottomhole assembly and emphasizes how tools may be selected and assembled for maximum effectiveness. Aptly illustrated, this book includes a complete glossary and review questions and answers.