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12.08.25 - 18:00
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Texas Warns Wastewater Injection Threatens Permian Oil Reserves (ZeroHedge)
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Texas Warns Wastewater Injection Threatens Permian Oil Reserves
By Charles Kennedy of OilPrice.com
The Texas General Land Office (GLO) has formally objected to a plan by Pilot Water Solutions LLC to drill three new saltwater disposal wells in the Permian Basin, warning the project could contaminate state-owned crude reserves in North America's top oil field, according to the Dallas Morning News.
Founded in 1836, the GLO manages 13 million acres of state land and generates billions of dollars for Texas public schools through oil and gas leasing.
It argues the proposed disposal sites in Loving County near the New Mexico border pose “significant risk” to mineral interests under its control.
Bloomberg reports that ConocoPhillips, one of the Permian's largest producers, has joined the opposition, noting that in the area near the proposed wells it is producing less than 40% of expected oil volumes while generating nearly twice the forecast water output.
For every barrel of oil pumped in the...
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