Tag Archives: oil

Corpus Christi Port Ramps Up After Crude Oil Export Ban Lifted: New Pipelines Proposed Linking Permian Basin To Port

CORPUS CHRISTI, Texas -A surge in production in the Permian Basin of west Texas, already the nation’s highest producing oilfield, is extracting more crude oil than refiners in Texas can handle. But now, producers in the Permian have new outlets for that oil with economic … Continue reading

Posted in KRTS News | Tagged , , , , , , , | Leave a comment

Moody’s Considers Credit Downgrades For Texas Governments Dependent On Energy-Related Tax Revenue

The credit rating agency Moody’s Investor Services reviewing its ratings for 10 local governments in Texas — including Midland and Odessa — and may issue downgrades within 90 days. The culprit is the precipitous decline in crude oil prices and … Continue reading

Posted in KRTS News | Tagged , , , , , , | Leave a comment

As Oil Labor Force Shrinks, West Texas Food Bank Expands

Oil has been trading below $30 a barrel this week and that’s bad news for the labor force in the Permian Basin. Some workers aren’t just out of a job, they’re barely staying afloat. But there’s one safety net that’s gotten … Continue reading

Posted in KRTS News | Tagged , , | Leave a comment

Oil Prices Drop After U.S. Lifts Sanctions Against Iran

The prospect of Iranian oil adding to the global flood of crude pushed prices further down on Monday, with Brent crude, the international benchmark for crude oil, touching its lowest level since 2003 – below $28 dollars per barrel. International … Continue reading

Posted in KRTS News | Tagged , , , , , , , , | Leave a comment

The Energy Markets: Lorne Matalon Reports From UT Austin Energy Journalism Conference

TUESDAY, JANUARY 12: This is a transcript of our discussion on the drop in oil prices and outlooks for the future, with reporter Lorne Matalon and host Tom Michael. MICHAEL: Monday was a rough day for oil and gas markets. Prices fell more than … Continue reading

Posted in KRTS News | Tagged , , , , | Leave a comment

Borderland Exodus: Towns On Path Of Proposed Mexican Pipelines Suffer Rash Of Violence

GUADALUPE, Chihuahua — People living in the Juárez Valley southeast of Ciudad Juárez  and El Paso, Texas allege that land speculators preparing for the start of oil and gas production have spurred a land grab that’s forced what some claim … Continue reading

Posted in KRTS News | Tagged , , , , , , , , , , , | Leave a comment

Mexican Venture Capital Seeks Permian Basin Opportunity Amid Oil Downturn

ODESSA, Texas — Mexican venture capital is hovering over distressed energy companies in the Permian Basin of Texas, the nation’s highest-producing oilfield. Those companies – including oil and gas drillers, and service companies – crafted budgets when the price of … Continue reading

Posted in KRTS News | Tagged , , , , , , , , , , , | Leave a comment
Another accident on I-20 eastbound between Odessa and Midland. In 2013, there were an average 25 crashes each day in the Permian Basin. (Lorne Matalon)

Oil Price Drop Implies Possible Delay For Road Improvement

The oil and gas boom has put a lot of money back into the state’s highway fund through the collection of severance taxes–the money that the state earns on oil and gas extraction—but it’s never been enough. And already-overwhelmed roads … Continue reading

Posted in KRTS News | Tagged , , , , , , , | Leave a comment

Border Fracking Standoff: NY Court Ruling Likely To Affect Outcome

The Big Bend of Texas, so named for the way the region hugs a massive bend in the Rio Grande, is renown for its desert landscapes, open spaces and tranquility. But parts of it lie within the oil-rich Permian Basin, … Continue reading

Posted in KRTS News | Tagged , , , , , , , | Leave a comment

Finding Oil is Easy, Just Look on the Ground

There’s a lot of drilling going on in Texas for oil and gas. So much, that Texas is a big reason why the United States in now producing more oil than it imports. But it all begins with what in … Continue reading

Posted in KRTS News | Tagged , , | Leave a comment