Texas drillers hit with higher costs following earthquake action by regulators

Oil and gas companies drilling in the Permian Basin have been hit with higher costs in the wake of regulatory action taken by the Texas Railroad Commission following a recent large earthquake.

When regulators shut down some wastewater wells, similar to the action taken a few years ago by the Oklahoma Corporation Commission, it automatically meant explorers faced higher costs of disposing wastewater from their wells.

Some existing wastewater disposal wells were put on restrictions as Reuters reported.

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The post Texas drillers hit with higher costs following earthquake action by regulators first appeared on Oklahoma Energy Today.