Tag Archives: oil
Texas oil price plummets below $1 as the coronavirus pandemic’s economic woes continue battering the state
By Mitchell Ferman, The Texas Tribune It’s the lowest price for a barrel of crude since at least the 1980s.
By Mitch Borden In West Texas, the Permian Basin is home to America’s largest oil field, where just about everyone depends on the energy industry. But with the spread of the coronavirus pandemic, world markets in flux, and Saudi Arabia … Continue reading
By Mitch Borden The United States has been in a trade war with China for almost a year now. Many thought a resolution was on its way until the Trump Administration announced last week it would be placing tariffs worth … Continue reading
By Mitch Borden Chevron, one of the largest oil companies in the world, recently bought Anadarko Petroleum for about $50 Billion. The acquisition expands Chevron’s holdings in the Permian Basin by about 240,000 acres. This deal perked up the ears of … Continue reading
By Mitch Borden Chemicals emitted during oil and gas production have been tied to cancer and birth defects. But in the past, some academic studies have looked at these harmful chemicals have shown emissions aren’t happening at levels that should … Continue reading
By Mitch Borden For the first time since last spring, the United States saw its oil production levels drop. This slowdown can be traced to the Permian Basin, where a pipeline shortage is causing producers to cut back.
By Mitch Borden A new film produced by Newsy and the Texas Tribune is taking a look at America’s oil industry. A large part of the movie focused on the Permian Basin, and last week, about 100 people turned out … Continue reading
Recently, people in Midland have been discussing water and how its used in West Texas’ growing oil industry at the Permian Basin Water and Energy Conference. Mitch Borden, Marfa Public Radio’s Permian Reporter, went to the conference and was in the … Continue reading
By Mitch Borden As the Permian Basin continues to produce millions of barrels of crude oil each day, Midland and other communities in the area are rapidly growing. There are challenges that come with this kind of economic success though. … Continue reading
Texas is making billions from oil and gas drilling, but counties say rural roads are being destroyed
Damage from heavy trucks has battered local roads in and around the state’s oil fields, and many counties want the state to help pay for repairs and maintenance. Will lawmakers take action?