Home / Shale News / Permian Shale News (page 10)

Permian Shale News

Tired of gas pumps? Fort Worth startup brings the fuel to you

FORT WORTH — Charlie Campbell drives a couple hundred miles per week, but has hardly stopped at a gas station in five months. Instead, the gasoline comes to him. The senior vice president for finance and administration at Hillwood Properties in far north Fort Worth is a customer of a startup that aims to revolutionize how Americans buy their fuel. ...

Read More »

Railroad Commission Chairman David Porter won’t run for re-election

In a surprise move that leaves a statewide seat up for grabs in 2016, the chairman of the Texas Railroad Commission, the state agency that regulates the oil and gas industry, announced Thursday that he will withdraw from his re-election race. David Porter said “a lot of things had crescendoed up” to lead to his decision — especially the realization ...

Read More »

Critics concerned about some wind farms planned for Texas

wind farms texas

HENRIETTA, Texas — The residents of Clay County gained national attention over the summer when it was announced the county’s new Shannon Wind Farm would power Facebook’s new billion-dollar Fort Worth data center 100 miles to the southeast. Last July, Clay County Judge Kenneth Liggett told the Fort Worth Star-Telegram that residents overwhelmingly supported the new wind farm near Windthorst, ...

Read More »

Lower oil prices could help add $232 million to New Mexico revenue

New Mexico State Flag -- The Capitol Santa Fe (NM) 2013

The top budget writer for Republican Gov. Susana Martinez, who prides herself on being fiscally conservative, said Monday it is state lawmakers who might be too bearish in their economic outlook for New Mexico as lower gasoline prices boost consumer spending. And despite the governor’s unhappiness with New Mexico’s dependence on federal dollars, a good chunk of new federal money ...

Read More »

Oil prices have New Mexico producers eyeing cuts

CARLSBAD — With the latest drop in crude oil prices, a decline in gas prices will surely follow. Although cheaper gas may make many consumers happy nationwide, oil and gas producers in Southeast New Mexico are not ecstatic about the news. “It’s not getting any better,” Raye Miller, president of Regeneration Energy Corporation in Artesia said. The decline comes after ...

Read More »

Oil slump further cuts state revenue

SANTA FE — New Mexico lawmakers could have less money available to spend next year than previously projected, as plummeting oil prices have led to the amount of “new” money estimated for the coming year to be pared back to $232 million — down more than $60 million from four months ago. As a result, the top budget official in ...

Read More »

Effect of climate deal on Texas is up in the air

WASHINGTON — All eyes are on Paris this week as the United Nations climate summit finalizes worldwide targets to reduce greenhouse gas emissions. The plan is expected by the conclusion of the two-week summit on Friday, and it is already having a special resonance in Texas, the nation’s largest energy producer. President Barack Obama laid out the U.S. position in a ...

Read More »

Declining prices hit energy-producing states hard

CHEYENNE, Wyo. — While other states were tightening their belts during the dark days of the Great Recession, Wyoming was socking away billions of dollars in energy revenues in the bank, building new schools and funding an endowment that offers college scholarships to its high school grads. But with the recent slide in energy prices, fuel-rich states like Wyoming and ...

Read More »

Groups appeal suspension of federal oil, gas drilling rules

A Concho Resources drilling rig operates in New Mexico's Permian Basin. (Image courtesy of Concho Resources)

CHEYENNE, Wyo. — Environmental groups have appealed a judge’s decision to suspend new rules for oil and gas drilling on federal land across the U.S. pending the outcome of a legal challenge to those rules. The rules should be allowed to take effect to protect land, water and wildlife from practices including hydraulic fracturing, the Sierra Club and others argue ...

Read More »

New Mexico energy industry leaders cry foul over new BLM rules

Oil and gas operations in the Permian Basin, Eddy County, New Mexico. (Image: Blake Thorberry via Flickr)

DURANGO, Colo. — About 75 people filled a ballroom at the DoubleTree by Hilton here on Tuesday to hear from Bureau of Land Management officials over three proposed updates to rules that regulate the oil and gas industry. And while the event’s location was in a small Colorado ski town, by a show of hands, those gathered were largely representatives ...

Read More »