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Why predictions of “peak oil” are always wrong: The mirage of “peak oil” in America

Oil & Gas 360º

But in 2008, the shale revolution took off! Thanks to human ingenuity, new drilling technologies like horizontal drilling and hydraulic fracturing unlocked vast reserves once thought inaccessible. America has 48 Bbbl of proven oil reserves, 4 and since 2016, Texas has accounted for 40% of that. He was right—for a time.

Oil 130
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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

2008-N07, a lessee that passed the established thresholds was waived from providing additional security to cover its decommissioning liability. 2008-N07 was subsequently replaced in 2016 by the controversial NTL No. This first of such NTLs, NTL No. 98-18N, was replaced by NTL No. 2003-N06, which was itself replaced by NTL No.

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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

2008-N07, a lessee that passed the established thresholds was waived from providing additional security to cover its decommissioning liability. 2008-N07 was subsequently replaced in 2016 by the controversial NTL No. This first of such NTLs, NTL No. 98-18N, was replaced by NTL No. 2003-N06, which was itself replaced by NTL No.