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Tag Archives: Permian Basin

Some high-priority wells uninspected in New Mexico

Pump jack oil well

By SUSAN MONTOYA BRYAN | The Associated Press ALBUQUERQUE, N.M. — The number of high-priority oil and natural gas wells on federal and tribal land in New Mexico has nearly doubled over the past two years, and the U.S. Bureau of Land Management is racing to keep up with inspections. BLM officials in New Mexico say they have nearly 650 wells that are classified as high ...

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Keep a lookout for the Wolfcamp play

Zachary Toliver | Shale Plays Media It seems like there is no end to how much oil potential American shale plays have. According to an article from the Midland Reporter-Telegram in Texas, the Wolfcamp shale, which exists within the larger Permian Basin, could double or even triple oil land for producers in the area. In addition, an analysis of the ...

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Devon Energy sees bright future in southeastern New Mexico

By Zack Ponce | Carlsbad Current-Argus, NM CARLSBAD — Success has its benefits. No one knows that better than those involved in the oil and natural gas industry in southeastern New Mexico. The boom that began to pick up in 2010 has led to unprecedented job growth and an official at Devon Energy doesn’t think it will be ending anytime soon. ...

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PBPA sues over lesser prairie chicken listing

By Mella McEwen, the Midland Reporter-Telegram (Midland, Texas) Just weeks after the U.S. Fish and Wildlife Service listed the lesser prairie chicken as “threatened,” a lawsuit has been filed seeking to overturn that decision. The Permian Basin Petroleum Association filed the lawsuit late Monday in the U.S. District Court for the Western District of Texas, Midland-Odessa Division. Co-plaintiffs in the case ...

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New company of shale boom pioneer enters Permian Basin

By Corey Paul, the Odessa American, TX Aubrey McClendon and his company American Energy Partners announced a $2.5 billion deal on Monday for acquisitions that include 63,000 net acres of leasehold in the Permian Basin. McClendon was a major force in developing and advocating the country’s shale boom. But he was forced out of the company that he founded, Chesapeake ...

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Canyon expands Ector County presence

By Corey Paul, The Odessa American, TX Canyon Midstream Partners officials recently announced plans to expand the cryogenic gas processing plant being built in Ector County amid increasing demand for takeaway infrastructure and a desire to curb gas flaring. When announced in January, Canyon’s plant called for an initial processing capacity of 70 million cubic feet per day, or MMcf/d. ...

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BHP Billiton’s investment not a bust

Oil pump. Oil industry equipment.

Marissa Hall | Shale Plays Media Three years after the purchase of Petrohawk Energy and a portion of Chesapeake Energy to gain a presence in shale plays in the southern United States, it appears that BHP Billiton’s $20 billion investment isn’t leading to ruin. According to an article by Christopher Helman in Forbes, after a rough first year, they finally ...

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Oilfield support jobs employ thousands in West Texas

By COREY PAUL, Odessa American, TX More than 41,000 people work in the oil and gas industry in the Permian Basin, according to Willie Taylor, executive director of the Permian Basin Development Board. But that does not include the array of supporting jobs that employ thousands more, from chemical vendors to construction workers and even caterers. Consider Silverado Contracting, an Odessa ...

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Light Permian Crude could benefit from export compromise

By Corey Paul, Odessa American The oil industry’s push for the federal government to ease the four-decade old ban on exports centers on the argument that increasing production of light crude creates a glut at the Gulf Coast, where many refineries years ago were retooled to handle heavier foreign imports. Just how much light crude from places like the Permian ...

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