• 25 mins Kinder Morgan Warns About Trans Mountain Delays
  • 7 hours India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 12 hours Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 16 hours Russia, Saudis Team Up To Boost Fracking Tech
  • 22 hours Conflicting News Spurs Doubt On Aramco IPO
  • 23 hours Exxon Starts Production At New Refinery In Texas
  • 1 day Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 2 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 2 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 2 days China To Take 5% Of Rosneft’s Output In New Deal
  • 2 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 2 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 2 days VW Fails To Secure Critical Commodity For EVs
  • 2 days Enbridge Pipeline Expansion Finally Approved
  • 2 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 2 days OPEC Oil Deal Compliance Falls To 86%
  • 3 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 3 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 3 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 3 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 3 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 3 days Aramco Says No Plans To Shelve IPO
  • 5 days Trump Passes Iran Nuclear Deal Back to Congress
  • 6 days Texas Shutters More Coal-Fired Plants
  • 6 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 6 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 6 days Chevron Quits Australian Deepwater Oil Exploration
  • 6 days Europe Braces For End Of Iran Nuclear Deal
  • 6 days Renewable Energy Startup Powering Native American Protest Camp
  • 7 days Husky Energy Set To Restart Pipeline
  • 7 days Russia, Morocco Sign String Of Energy And Military Deals
  • 7 days Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
  • 7 days China Set To Continue Crude Oil Buying Spree, IEA Says
  • 7 days India Needs Help To Boost Oil Production
  • 7 days Shell Buys One Of Europe’s Largest EV Charging Networks
  • 7 days Oil Throwback: BP Is Bringing Back The Amoco Brand
  • 7 days Libyan Oil Output Covers 25% Of 2017 Budget Needs
  • 7 days District Judge Rules Dakota Access Can Continue Operating
  • 8 days Surprise Oil Inventory Build Shocks Markets
  • 8 days France’s Biggest Listed Bank To Stop Funding Shale, Oil Sands Projects
Alt Text

Will Ecuador’s Mining Sector Return To Its Golden Days?

Despite the recent political problems…

Alt Text

Copper Prices Ignited By Chinese Demand Growth

Copper prices saw some gains…

Alt Text

Gold Prices Could Spike As India Resumes Imports

Gold purchases in India imploded…

The Heart of This Shale Play Just Banned Fracking

Very critical legal battle shaping up this past week. In one of the most historic petroleum plays in North America.

That's the Barnett Shale of north Texas. Where opponents of unconventional drilling won a major political victory last week--one that could have ramifications for oil and gas development across this key state.

The move came in the city of Denton, a hamlet just northwest of Dallas. Where municipal voters approved a ballot banning the use of hydraulic fracturing within city limits.

Related: Why Are Voters In Denton Texas Afraid Of Fracking?

This is the first such ban to be implemented in Texas--following similar measures in other shale-producing states like Ohio and Pennsylvania.

It also comes in a key location. With the city of Denton being located in the heart of prime acreage for gas production in the Barnett--the first unconventional play to see large-scale development in the U.S.

Of course, the actual area affected by the ban is small--being confined to Denton city limits. But the voting down of fracking here could set a precedent to be followed by other local governments in the state.

The petroleum industry appears to be concerned about such knock-on effects. Prompting the Texas Oil and Gas Association to file suit last week in Denton courts to overturn the ballot measure.

Related: Early Signs Of A Pullback In Drilling Activity

The Association is arguing that Denton's frack ban violates state law. Which gives holders of mineral titles in Texas the right to develop these resources.

The outcome of this court battle will be an important data point for Texas oil and gas going forward. Although the Barnett itself is not a major source of production growth, other Texas plays like the Permian and the Eagle Ford have been major hubs for drilling activity of late.

If Denton's ban ends up standing, it could set the stage for similar challenges in these plays. Watch for the next rulings in the challenge from the Oil and Gas Association.

Here's to constructive discussions,
Dave Forest

More Top Reads From Oilprice.com:




Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News