A new area under watch by the Texas oil regulator could impact wells responsible for disposing about 270,000 barrels per day of saltwater from oil and gas operations, according to data and analytics firm B3 Insight. Regulators this month classified a swath of the Permian basin as a so-called “Seismic Response Area” (SRA) after a magnitude 4.2 earthquake hit 11 miles north of Stanton, Texas. Regulators previously identified two other SRAs following an uptick in tremors in the largest U.S. oil-producing region. In December, regulators suspended permits for 33 disposal wells across four oil-producing counties around Midland, Texas. read more The ban has west Texas oil producers looking for ways to reduce wastewater injections that could raise costs. Solutions include recycling […]