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Proposed drilling, fracking raises concerns on Shreveport s Cooper Road

Proposed drilling, fracking raises concerns on Shreveport s Cooper Road
shreveporttimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shreveporttimes.com Daily Mail and Mail on Sunday newspapers.

Lawmakers hope orphan well tax exemption will resolve ongoing problem in oil industry

Lawmakers hope ‘orphan’ well tax exemption will resolve ongoing problem in oil industry Bill uses taxpayer money to clean up mess left by oil industry, critic says A photo of an orphaned oil well in St. Martin Parish taken by the Louisiana Department of Resources in 2010. (Louisiana Department of Natural Resources) Lawmakers on Wednesday approved legislation that would establish a program to help fix “orphan” oil wells by offering a tax exemption on oil produced from abandoned wells that are reworked to produce again. While it may resolve the ongoing problem of leaky unsealed wells across Louisiana, one critic pointed out that the legislation simply gives taxpayer money to the oil industry to clean up a mess made by the oil industry.

Visualizing US Oil & Gas Production (Through Feburary 2021)

Password Remember me New to Energy Central? Applying for membership with Energy Central allows you to connect with a network of more than 200,000 global power industry professionals. Total production US tight oil production fell by 1 million b/d to 6 million b/d in February, the lowest level in 3 years, as cold winter weather affected production in several states. This was just a blip, and based on preliminary data we expect production to have fully recovered in March. Supply Projection With the horizontal rig count now having recovered to well over 400 as of last week (according to Baker Hughes), current output can be almost sustained, as is visualized in our Supply Projection dashboard:

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