Maria Bartiromo gives viewers of “Mornings with Maria” a glimpse into the Permian Basin, where oil and natural gas producers are fueling America’s energy independence and driving a new boom of American innovation, jobs and national strength.
Whether it’s the fuel in your car, the package on your doorstep, or the electricity that powers the next wave of artificial intelligence: a large part of the energy decisive for the American way of life begins thousands of feet below West Texas in the Permian Basin.
Bartiromo spent two days in Midland, Texas – the heart of American energy production – gathering insights from industry leaders like Wirth to explore fracking and the technology monitoring the oil-producing region and fueling a vision of American energy independence.
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On February 5, 2015, natural gas flares are burned at Apache Corporation’s operations at the Deadwood natural gas plant in the Permian Basin in Garden City, Texas. (Spencer Platt/Getty Images/Getty Images)
Wirth said fossil fuels go far beyond powering gas and diesel engines: They are essential for the production of plastics and other everyday goods.
“It goes to pharmaceuticals, medicines, clothing and everyday goods. It makes mechanized agriculture possible,” he added.
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This photo, taken at an unknown location on an unknown date, shows an oil pipeline. (iStock / iStock)
But even as the region produces record amounts of oil and gas, a new challenge is emerging: abundance without infrastructure.
Kaes Van’t Hof, CEO of Diamondback Energy, said producers in Bartimo are generating more natural gas than they can transport, forcing some to sell at a loss.
‘In the Permian we produce gas almost by accident. We produce six million barrels of oil per day. We produce almost 30 BCF. [billion cubic feet] a day of gas, which is about a quarter of U.S. production,” he said.
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Maria Bartiromo gives viewers of ‘Mornings with Maria’ a glimpse into the Permian Basin – the beating heart of America’s oil and gas boom – as President Donald Trump’s policies usher in a powerful new era of American energy independence.
“Our problem here is that we can’t build pipelines fast enough to get the gas from the basin to the demand market,” he said.
Even with these restrictions, Chevron Shale and Tight Vice President Kim McHugh said the Permian Basin is one of the fastest growing regions for oil and gas manufacturing worldwide – and is expected to remain a key driver of U.S. manufacturing as technology and efficiencies continue to expand capacity.
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