Energy companies like Exxon Mobil Corp. could abandon plans to tap into reserves in Canada’s oil sands, as high extraction costs and a Canadian carbon tax make extraction unprofitable, The Wall Street Journal reports. “For a lot of reasons the oil sands look like a prime candidate for eventual abandonment,” said energy fellow Jim Krane. “One problem is that costs are persistently higher. The high carbon content only makes it worse.” | Feb. 28, 2017, 10 a.m.
OPEC members have so far complied with an agreement to limit oil production. But energy fellow Jim Krane says some members could be tempted to increase their production this summer to meet rising demand. | Feb. 15, 2017, 5:39 p.m.
Austin-based Parsley Energy announced a $2.8 billion land purchase in the Permian Basin, the latest in a series of major investments in the region. Center for Energy Studies senior director said the acquisition is a sign that "we’re seeing the birth of a new Permian Basin.” | Feb. 10, 2017, 8:42 a.m.
Fellows Gabriel Collins and Kenneth B. Medlock, III, assessed the ability of shale producers to quickly scale-up in a recent Baker Institute issue brief. Their work was highlighted in subsequent journal articles. | Jan. 31, 2017, 11:22 a.m.
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