US oil producers are bracing for a tough end to 2019: flat prices, falling rig counts, slower drilling permits and fewer well completions.
Karr Ingham, a petroleum economist from Amarillo, Texas, and the executive vice president of the Texas Alliance of Energy Producers, says those factors will not lead to lower oil production -- just a slower rate of growth than the record pace we saw in 2018.
In addition to the price and production outlook, we talked about an issue that could become an existential threat to the industry: the rapidly increasing volumes of produced water, how to recycle more of it, where to dispose of it as reservoirs fill up – and the potential for additional regulation if a future Democratic president wants to enact a fracking ban.
Alliance study on water study: https://texasalliance.org/white-paper/