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Tag Archives: Permian Basin

TAYO is hot for Abilene

With the Permian Basin being the U.S.’ leading oil producing region, the opportunity for employment in the area is enormous, and TAYO is taking full advantage of it. According to the Texas Workforce Commission, unemployment is at an incredible low of four percent and there are hundreds of job opportunities in Abilene, Texas.  This means the city is prime real ...

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BNSF cuts the big red bow in the Permian

red ribbon cutting

On November 6, BNSF announced in a press release, its ribbon-cutting opening of its logistics center in Sweetwater, Texas, in hopes to promote growth of the Permian Basin.  The center, which cost $45 million, is capable of supporting rail, truck and transload services.  It also accommodates several industries, such as agriculture commodities, sand, pipe, and aggregate. Along with the new ...

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Anadarko bets $1.5 billion on output increase

While Anadarko Petroleum Corp. increased its production in Colorado’s Wattenberg field by purchasing rigs, pipes, and processing plants, the company is putting $1.5 billion towards its efforts in West Texas, hoping the same outcome occurs. Western Gas Partners, Anadarko’s pipeline unit, agreed to buy Houston’s Nuevo Midstream.  The Nuevo Midstream transports hydrocarbons out of the Permian Basin through hundreds of ...

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Texas oil boom is tearing up roadways, literally

While the oil boom in the U.S. has impacted the economy enormously, booming areas have also seen some negative effects. Oil traffic has caused serious damage to roads, costing some people their lives. Every day, thousands of 18-wheelers transporting flammable substances and equipment travel across Texas roads that are ill-prepared to handle them.  The roads are cracked, chipped, and extremely ...

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Hearst Energy Award: Lifetime Achievement: Sivalls continues family legacy of oilfield manufacturing

Dick Sivalls, president of Odessa-based Sivalls Inc., says he knew he’d live and work in the oil fields of the Permian Basin. He spent summers during college working in the Permian Basin oil fields. “I lived in a boarding house,” recalled the recipient of the 2014 Hearst Energy Award for Lifetime Achievement. Three generations of Sivalls have been in manufacturing ...

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Hearst Energy Award: Government advocacy Congressman Smith: I support the industry because it supports the country

At one time, Rep. Lamar Smith, R-Texas, represented a portion of Midland County and so became involved in issues related to the oil and gas industry that dominates the Permian Basin. The San Antonio native was recently named the most effective lawmaker in the 112th Congress by a study conducted by political scientists at the University of Virginia and Vanderbilt ...

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U.S. fracking firms stay in top gear despite oil price slump

Train

NEW YORK – Unfazed by slumping oil prices and battering in the stock market, firms that supply sand and guar gum for shale oil and gas companies are not ready yet to call an end to a four-year boom spurred by hydraulic fracturing technology. Just putting on a brave face as a downturn looms? Perhaps, but the optimism could also ...

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Ironhorse Resources builds a rail industrial park in Permian

Ironhorse Resources Inc. announced its plans to develop a rail-served industrial park in the Permian Basin. Ironhorse acquired 627 acres just east of Big Spring, Texas, for the park.  The plan is for the park to be similar to the 270 acre development the company built in LaSalle County, Texas, in the Eagle Ford Shale for its subsidiary, Gardendale Railroad ...

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Chevron’s production in the Permian is blowing up

chevron oil refinery

Regardless of the oil prices decreasing, Chevron, like many other oil companies operating in Texas, isn’t worried of production rates lowering. Chevron, based in San Roman, California, issued its quarterly results last Friday, and the company’s production average was 731,000 boe/d just in North America, which represents about 30 percent of Chevron’s upstream volumes. Chevron has six different business units ...

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Cline Shale is the next big thing

While the Permian Basin is known as the U.S.’ largest oil producer, operations seem to be shifting from the western side of the basin to the eastern side, and the shift has a lot of people preparing for another boom. The Cline Shale formation, also known as the Lower Wolfcamp or Wolfcamp D, is located on the eastern edge of ...

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