Worst drought in century threatens Texas oil, natural gas boom

Posted by Bloomberg: Joe Carroll on June 13th, 2011
Bloomberg: The shortage is forcing oil companies to go farther afield to buy water from farmers. Source: Occidental Petroleum Corp. via Bloomberg The worst Texas drought since record-keeping began 116 years ago may crimp an oil and natural- gas drilling boom as government officials ration water supplies crucial to energy exploration. In the hardest-hit areas, water-management districts are warning residents and businesses to curtail usage from rivers, lakes and aquifers. The shortage is forcing oil companies......

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