Discover and read the best of Twitter Threads about #permian

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Thread: Trump Chooses David Bernhardt, a Former Oil Lobbyist, to Head the Interior Dept. “Bernhardt was top interior official in the George W. Bush administration, went on to work for some of the country’s largest oil and gas companies. #climatechange

nyti.ms/2UEp9B6?smid=n…
“As a partner in the law firm Brownstein Hyatt Farber Schreck, he lobbied for the oil companies Cobalt International Energy and Samson Resources. His legal clients have included the Independent Petroleum Association of America and Halliburton Energy Services.
“If confirmed, Mr. Bernhardt will lead a sprawling department that oversees the nation’s nearly 500 million acres of public land, including vast national monuments and protected wilderness areas. #conservation
Read 16 tweets
Thread
Comments by Paal Kibsgaard, Schlumberger Chairman & CEO
1- "Still, the well-established market consensus that the #Permian can continue to provide 1.5 million barrels per day of annual production growth for the foreseeable future is now starting to be called into question"
2- "In fact, so far in the third quarter, the hydraulic fracturing market has already softened significantly more than we expected in spite of the overall rig count holding up relatively well."
3- "Still, what is already clear is that unit well performance, normalized for lateral length and pounds of proppant pumped, is dropping in the Eagle Ford as the percentage of child wells continues to increase."

#Oil #Permian #EagleFord #shale
Read 13 tweets

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