Tag Archives: Permian Basin
By Mitch Borden The Permian Basin has been feeling the impact of low oil prices as the coronavirus pandemic persists. Recently, prices have stabilized around $40, compared to last year when the average price of a barrel was in the … Continue reading
By Mitch Borden As COVID-19 cases continue to rise in the Permian Basin and across the state, the response from elected officials in the region’s two largest cities is markedly different. Since last Thursday, Midland and Odessa have recorded 184 … Continue reading
By Mitch Borden After deliberating for weeks, the Texas Railroad Commission rejected a proposal to cut oil production by 20% in a meeting on Tuesday. The state’s oil and gas regulator went back and forth last month as oil prices … Continue reading
By Mitch Borden As the number of coronavirus cases continues to rise across the Permian Basin, the Texas National Guard is coming to the region to set up two temporary mobile coronavirus testing sites. The effort is part of a … Continue reading
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 Travis Bubenik, Courthouse News Methane emissions in a busy part of the nation’s largest oilfield were nearly three times higher than the national average in recent months, an environmental group said in an analysis released Tuesday.
By Mitch Borden As the coronavirus pandemic continues to shake global markets—and as the price war over crude oil between Russian and Saudi Arabia goes on—oil companies are trying to figure out how to survive with oil prices hovering around … Continue reading
By Mitchell Ferman, The Texas Tribune Two Texas oil companies with big business in the Permian Basin wrote to state regulators requesting an emergency meeting to consider reducing oil production as demand around the world has collapsed due to the … Continue reading
By Mitch Borden The City of Odessa is issuing a shelter-in-place order, beginning Monday at 11:59 p.m. Odessa’s Mayor David Turner made the announcement over the weekend on Facebook Live. Turner based Odessa’s shelter-in-place order largely on recommendations made by … Continue reading
By Mitch Borden Basin PBS holds a live forum Thursday night between Midland and Odessa healthcare, education and government officials concerning preparation and response to the coronavirus crisis. Currently, no cases of the coronavirus that have been found in the … Continue reading