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Exceptional Drought and Unconventional Energy Production

Reid B. Stevens () and Gregory Torell
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Reid B. Stevens: Department of Agriculture Economics, Texas A&M University, College Station, TX 77843, USA

Sustainability, 2018, vol. 10, issue 4, 1-13

Abstract: The hydraulic fracturing boom in Texas required massive water flows. Beginning in the summer of 2011, water became scarce as a prolonged heat wave and subsequent severe drought spread across the state. Oil and gas producers working in drought areas needed to purchase expensive local water or transport water from a non-drought county far from the drill site. In response to decreased water availability in drought areas, these producers completed fewer wells and completed wells that used less water. This decrease in well-level water use had a measurable effect on the amount of oil and gas produced by wells completed during exceptional conditions.

Keywords: water; hydrocarbon resources; government policy (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2018
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