Mark Sloan + 9 MS January 30 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 1 Quote Share this post Link to post Share on other sites
turbguy + 1,405 January 30 (edited) 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 1 Quote Share this post Link to post Share on other sites
Ron Wagner + 649 February 1 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. Quote Share this post Link to post Share on other sites
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