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Permian Shale News

Use of microseismic fracture imaging grows along with hydraulic fracturing

microseismic seismic

By Mella McEwen, The Midland Reporter-Telegram In recent years significant new crude and natural gas production has come from formations Permian Basin operators had long overlooked because they were too difficult or expensive to develop. High commodity prices and advances in technology such as horizontal drilling and hydraulic fracturing have combined to open these unconventional resources. As operators increase activity ...

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N.M. jury awards company a 1-cent damage award

CARLSBAD, N.M. (AP) — A potash mining company won its lawsuit against an oil and gas company over a mistake in a New Mexico drilling project but a jury awarded just one cent of damages. The award for Plymouth, Mass.-based Mosaic Co. in its suit against Oklahoma City-based Devon Energy Corp. was made Wednesday in state District Court in Carlsbad. ...

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AEM pens pact with Mexican industrials

Alpizar

By Lynn Brezosky SAN ANTONIO — Mexico’s national association of manufacturers signed a pact Tuesday with the San Antonio-based Association of Mexican Entrepreneurs (AEM) to find binational business opportunities, particularly those involving foreign investment in Mexico’s energy industry. The San Antonio visit by CANACINTRA, which represents 13 industrial sectors, followed several days in Houston. Delegates opened an office there to be ...

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Texas leads nation in job growth, adding 322,400 workers in last year

jobs map

By Sheryl Jean, Dallas Morning News Texas once again is leading the nation in job growth — at least through January — and economists say trends for the rest of the year look promising. The state added 33,900 jobs in January and 322,400 for the 12 months ending in January, ranking No. 1 for both periods, according to information released ...

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Texas still biggest CO2 emitter but getting better, environmentalists say

DavidJPhillipAP

By James Osborne, Dallas Morning News Everything is bigger in Texas, including carbon dioxide emissions from cars, power plants and other fossil fuel consumers. In 2011 the state pumped out 680 million metric tons of the greenhouse gas, almost double its closest competitor California, according to the U.S. Environmental Protection Agency. But state and federal environmental policies implemented between 2007 and ...

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BNSF CEO says railroad will hire 5,000 workers in 2014

BNSF

By Steve Kaskovich, Fort Worth Star-Telegram Fort Worth-based BNSF Railway plans to add 500 locomotives and hire 5,000 workers this year to handle increasing demands on its sprawling network, the company’s president and CEO said Tuesday. In an interview with CNBC, Carl Ice said that the new jobs will be spread across the railroad’s network but that the most new hires ...

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Residents learn risks of possible facilities

Nordheim

YORKTOWN — Two oil-field waste facilities are being proposed near the town of Nordheim. The applications for the sites have been denied once, but the applications have been amended and again are in the hands of the Texas Railroad Commission. Known and suspected cancer-causing compounds as well as mutagens are among the chemicals that will be going into the two ...

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‘A lot of fear’ about fracking

Oil well

The Texas oilman says that every time hydraulic fracturing, or fracking, is discussed in the region, people present the “nightmare scenario.” “There is a lot of fear because people have told them, if they frack, they’re going to completely ruin our water system,” said Stan Sherrill, president of Shore Exploration and Production Corp. in Texas. “Nothing could be farther from ...

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Baker Hughes announces cuts

Baker Hughes will lay off 7,000 workers by the end of March, a move expected to impact the Permian Basin as low oil prices pressure the labor-intensive oilfield services sector to scale back. Baker Hughes officials did not reveal how many of those cuts will be in the Permian Basin. “This is really the crappy part of the job, and ...

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