Tag Archives: Permian Basin
Oil drilling and production in the Permian Basin of West Texas is booming again. But the boom has a byproduct that producers are considerably less excited about: oil theft. The Houston-based Energy Security Council estimates that this year alone, Texas … Continue reading
A new report from the U.S. Energy Information Administration finds the increased oil infrastructure in the Permian Basin will be able to meet the area’s expected boom in oil production.
The middle class has shrunk faster in Midland, Texas, than nearly anywhere else in the U.S. Overall, more people are getting rich than falling behind. But extreme booms and busts make life precarious.
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
Editor’s Note: This story has been updated with a statement from an Energy Transfer Partners spokeswoman. A coalition of ranchers, environmentalists and disgruntled landowners has suffered a major setback in its battle to block a proposed pipeline that would carry natural … Continue reading
Seems like only yesterday that in places like West Texas, oil drillers were spending money like there was no tomorrow. “One billion dollars a month is being spent drilling wells out here,” said Ben Shepperd, president of the Permian Basin … Continue reading
Elected officials in the Big Bend region are getting increasingly involved with a planned pipeline that would bring natural gas from producers in the Permian Basin to Mexican power plants. Dallas-based Energy Transfer is building the 143-mile, 42″ Trans-Pecos Pipeline. Local … Continue reading
When people picture the oil industry, they often picture men. Of the 132,000 American oil and gas workers in 2013, 33,000 of them were women. That’s only 25%, and the situation is even more skewed in executive offices. With those numbers in mind, we … Continue reading
A proposed Alpine City Council resolution opposing a planned 143-mile natural gas pipeline from the Permian Basin to Mexico died before getting to a vote at a Tuesday meeting. The resolution would’ve been mostly a symbolic gesture, as it didn’t … Continue reading
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