Oil Drillers' Electric Shift Sparks Grid Demand Surge

[Mark Sloan + 9]

U.S. oil drillers are rapidly transitioning to electric power, driving electricity sales up by 16% in New Mexico and 58% in North Dakota, as they aim to reduce emissions and costs. The Permian Basin's oil production demands 16 gigawatts of power, but less than a third is currently supplied by the grid, highlighting infrastructure challenges. Drillers are building their own electric substations and lobbying for grid enhancements while Texas legislation mandates a reliability plan for electrification in the Permian.

https://wallstreet-now.com/en/articles/2024/01/29/oil-drillers-electric-shift-sparks-grid-demand-surge 

[turbguy + 1,545]

Hopefully, the continuous energy produced by Permian production at least equals the output of 16 large nuclear units operating pedal-to-the- metal.

Edited January 30 by turbguy

[Ron Wagner + 710]

These are oil and gas companies. They can use their own products to produce electricity so maybe they should do so if needed. They can certainly afford to buy the generators or other infrastructure. Such things can also be mobile on trucks.