Title : The Market, Energy, And Political Page, Part 2, T+ 50 -- October 2, 2018
link : The Market, Energy, And Political Page, Part 2, T+ 50 -- October 2, 2018
The Market, Energy, And Political Page, Part 2, T+ 50 -- October 2, 2018
Exactly what happened in the Bakken at the height of the boom. From DallasNews:America's fastest-growing source of energy has a power problem.
The Permian Basin, which produces almost 4 million barrels of oil a day, has expanded so quickly that suppliers of the electricity needed to keep wells running are struggling to keep up. The Delaware portion alone consumed the equivalent of 350 megawatts this summer, tripling the load from 2015. That's enough to power about 280,000 U.S. homes. And providers say the draw is likely to triple again by 2022.
While providers are rushing to build new power lines, it takes three to six years to get them up and working. In the meantime, drillers are bemoaning the reliability of the system and desperately seeking alternatives, exploring the use of solar and natural gas to fuel power-generating gear on-site.It looks like Boone Pickens was just too early with regard to his wind farms in west Texas. Of course, he was moving that electricity to the large cities in east Texas, not to the oil fields.
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