Home / Tag Archives: Permian Basin (page 3)

Tag Archives: Permian Basin

Oil fueling Eddy County’s economic future

Oil fueling Eddy County's economic future

CARLSBAD, N.M. — Stakeholders in New Mexico’s oil and gas industry, particularly in Eddy County, are bracing for where crude oil prices will land in this new year. The New Mexico Oil and Gas Association says the state had a record producing year but a drop in prices in 2015 had many wondering if it was the end of a boom, ...

Read More »

2015 year in review: The boom went bust

2015 year in review 2015: The boom went bust

When the New Year arrived, it was clear Odessa would not see another year of an oilfield boom. Instead, locals in the industry wondered just how bad it would get and for how long? As the year ends, those same questions remain. The Organization of Petroleum Exporting Countries agreed on Thanksgiving Day 2014 not to cut production in the face ...

Read More »

BP buys Devon Energy’s Blanco unit

FARMINGTON — BP has added more San Juan Basin assets to its natural gas portfolio for the first time in seven years. On Dec. 18, BP’s Lower 48 Onshore oil and gas business announced the acquisition of Devon Energy Corp.’s North East Blanco Unit, a collection of 480 natural gas wells across 33,000 gross acres in San Juan and Rio ...

Read More »

Scientists study methane ‘hot spot’ sources

This undated handout image provided by NASA/JPL-Caltech/University of Michigan, shows The Four Corners area, in red, left, is the major U.S. hot spot for methane emissions in this map showing how much emissions varied from average background concentrations from 2003-2009. Dark colors are lower than average; lighter colors are higher.

LYBROOK — As scientists continue their work tracking sources of atmospheric methane in the Four Corners region, the federal government continues to formulate new rules intended to reduce oil and gas industry emissions. The U.S. Environmental Protection Agency — which is proposing new rules to better regulate methane emissions — projects emissions from the oil and gas industry will increase ...

Read More »

First responder training program planned for Texas region

In the next month, Dr. Dinesh Vyas of Texas Tech University Health Sciences Center of the Permian Basin plans to start a trainer-trainee program so people can help reduce mortality rates in remote work areas or accident scenes. Vyas, who is an associate professor, associate dean surgery research, associate program director at Texas Tech Health Sciences, said he will start ...

Read More »

New Mexico No. 1 in joblessness

New Mexico had the highest unemployment rate in the nation in November, while growth in the number of new jobs in the state was flat, according to labor figures released Friday. The state’s rate of 6.8 percent for November was unchanged from the month before, but New Mexico’s failure to improve pushed it to the No. 1 spot, according to ...

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 »

Retail rises as oil and gas continues to slide

FARMINGTON — With oilfield operations declining in San Juan County after oil prices tumbled last fall, tax revenue from the region’s oil and gas sector has been dropping. But an increase in retail tax revenue is providing one bright spot for local governments, as Farmington’s role as a regional retail hub continues to grow. Although the cities and the county ...

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 »

Oil ministry job fair draws hundreds

More than 500 job seekers turned to the Rock the Oilfield Job and Resource Event in Midland on Friday, an event organized by local Christian groups in hopes of offering relief to workers displaced by the oil bust. Attendees offered accounts of the human toll wrought by the economic downturn driven by the region’s premier industry. One couple, Kurt and ...

Read More »