Deregulation won’t fix oil’s geological limits
Hamm: Deregulation won’t fix oil’s geological limits
America's oil boom is hitting a geological ceiling, according to Continental Resources Executive Chairman Harold Hamm, who predicts only modest oil production increases of 1-2 million barrels per day over the next five to six years, driven primarily by the Permian Basin. Even with fewer regulations under the incoming Trump administration, Hamm cautions that maturing shale fields and dwindling resources will constrain the industry's capacity to replicate past booms.
Views: 146
Replies to This Discussion
-
Permalink Reply by Skip Peel - Mineral Consultant on
-
I'd like to add to Mr. Hamm's very accurate and timely comment that federal regulations have little to do with the production of onshore oil and gas. And importantly for voters to know, the price of gasoline and diesel. The petro-states regulate exploration and production within their boundaries not the federal government. The federal government regulates green house gas emissions. And deep water exploration and production in federal waters.
-
Permalink Reply by Skip Peel - Mineral Consultant on
-
Unfortunately for Haynesville Shale royalty owners, as Permian oil wells age, they get gassier. There may be less oil produced in the Permian in the future but there will still be vast quantities of associated gas coming to the Gulf Coast and depressing the price of Haynesvlle gas.
Support GoHaynesvilleShale.com
Top Content
Blog Posts
Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??
In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
This area has suffered immense environmental degradation…
ContinuePosted by Char on May 29, 2025 at 14:42
Not a member? Get our email.
Groups
-
Bienville Parish, LA
246 members
-
North Caddo Parish
359 members
-
Cass County, TX
121 members
-
Nacogdoches County
193 members
-
Claiborne Parish
146 members
-
Natchitoches Parish
400 members
-
Rapides Parish
101 members
-
Fayetteville Shale
150 members
-
Harrison County
166 members
-
Franklin County, Texas
9 members
© 2025 Created by Keith Mauck (Site Publisher).
Powered by
