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Tag Archives: Permian Basin

Expert upbeat about oil gains

oil pump

Michael Kelly for San Angelo Standard-Times, Texas SAN ANGELO, Texas — The area on the eastern perimeter of the Permian Basin in 2012 saw $14.5 billion per year in economic output from the oil extraction industry. Through the next eight years, that activity is expected to increase by another 50 percent, according to a new report presented to the San ...

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Texas Railroad Commission: Oil production reaches record output

jax

Tyler Morning Telegraph, Texas The Texas Railroad Commission said oil production reached a record 2 million barrels a day statewide in February, a production level not seen in Texas since 1986. Preliminary production numbers indicate statewide oil production was 2,002,070 barrels a day, which includes Permian Basin production of more than 1 million barrels a day, Commissioner Christi Craddick said.. ...

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Chevron’s latest agitation comes from the cloth

praying

Zachary Toliver | Shale Plays Media A collective of God’s soldiers are the latest activists to challenge the hydraulic fracturing operations of Chevron. Nuns from the Sisters of St. Francis of Philadelphia are asking shareholders of Chevron Corporation to vote on a proxy proposal at Chevron’s Annual stockholders meeting in Midland, Texas at the end of May. This is the ...

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Putting a number on oil population is hard

oil workers

New census data shows a wave of people moving into oil-producing areas across the country, including the Permian Basin in West Texas and the Eagle Ford Shale in South Texas. Exactly how many people are working and living in — or simply passing through — South and West Texas these days? That’s anyone’s guess. “At the best of times, when ...

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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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