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Tag Archives: Permian Basin

Industry gets lesson, laughs at annual event

FARMINGTON — Leaders in the oil and gas industry got a crash course Thursday night in learning how to effectively talk fracking with the general public by a millennial and former stand-up comic. Isaac Orr — now a research fellow with The Heartland Institute, a Chicago-based conservative and libertarian public policy think tank — delivered a speech on how to ...

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The Bakken is not special – analysis

Speaking at the annual North Dakota Petroleum Council meeting, Scott McNally dissected the Bakken’s potential in the global energy market and its ability to swing the market. The verdict? Despite being the number two producer in the U.S., the Bakken isn’t all that special. McNally, a graduate research assistant at Harvard University and fellow for the Center on Global Energy ...

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US shale crude cash markets offer ray of hope amid global gloom

NEW YORK – In shale strongholds of North Dakota and Texas, physical crude grades are trading at the highest premiums to futures prices in years, offering a glimmer of hope that a pickup in global oil markets might follow. While crude futures hover around 6-1/2-year lows, the cash markets, where producers and refiners buy and sell physical barrels of oil, ...

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Permian Basin Petroleum Association claims victory in ruling

U.S. District Judge Robert Junell vacated the U.S. Fish and Wildlife Service’s decision to list the lesser prairie chicken as a threatened species in a ruling. After a long battle between the service and the Permian Basin Petroleum Association, Junell on Monday granted summary judgment in favor of the PBPA, according to court documents. Keeping the grouse listed as threatened ...

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Bayou Bridge construction starts

Construction is underway on the Bayou Bridge, a new pipeline that will whisk crude oil from south Texas to Lake Charles, Louisiana. The Associate Press reports the pipeline will be built through a joint venture between Phillips 66, Energy Transfer Partners and Sunoco Logistic Partners. The cost of the project has not been disclosed, but Phillips 66 claims 40 percent ...

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Evolution Midstream LLC entering oil and gas industry during mass exodus

Amid the crumbling of the oil industry, with companies bailing out left and right, one company jumps in-Evolution Midstream LLC. Based in Denver, the company will specialize in midstream solutions for natural gas, crude oil and produced water. The commitment of $300 million by EnCap Flatrock Midstream, a San Antonio based private equity firm, will help the company get established, ...

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Oilfield jobs put families in predicament

CARLSBAD – The oil field can be a magnet for a man looking for means to support and create a future for his family. To pursue it, though, could mean being separated from his family for weeks or even months at a time. The majority of workers who have relocated to Carlsbad have left their families behind. Instead of seeing their ...

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Target Logistics contracted for Permian work lodge

A new major project is underway in West Texas for workforce housing firm Target Logistics. Earlier today, the company announced that construction will begin immediately on a housing facility for “one of the world’s largest” oil and gas exploration and production companies. The announcement did not specifically name the company, but said occupancy should be available by early 2016. “We ...

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Downturn brings spike in oilfield crime

The crew from Liberty Fishing and Rental Tools returned to a well near Snyder last week and noticed they’d been hit. The tires had been stolen off a trailer they use to for their work freeing equipment stuck in a wellbore. President and co-owner Monnie Sparkman said the tires would cost about $1,500 to replace — “not that big of ...

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In downturn, frackers turn to toilet water in drought-prone Texas

HOUSTON– Top shale oil producer Pioneer Natural Resources Co <PXD.N> has found an unusual way to both save water and cut costs for its wells: tapping the treated runoff from toilets, sinks and showers in west Texas. Pioneer has signed an 11-year, $117 million deal with the city of Odessa, Texas that will guarantee it access to millions of gallons ...

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