As the thirst for electricity to power drilling rigs in West Texas drives the st...
HOUSTON/BENGALURU - As the thirst for electricity to power drilling rigs in West Texas drives the state’s energy needs to new highs, oil and gas companies are increasingly relying on wind and solar power to ensure that the shale boom continues.
Oil and gas firms operating in the Permian shale basin in West Texas, the nation’s biggest, have been largely behind growth in the area’s energy demand, according to Electric Reliability Council of Texas , which oversees most of the state’s electricity grid. Wind and solar farms help oil and gas producers lock in a growing part of that supply in a way that can be easily tailored to their needs as they keep ramping up production, industry experts say.
Building their own on-field wind or solar farms is one way to safeguard electricity supply, long-term supply deals with renewable energy firms is another.
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