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Tag Archives: texas oil

Halliburton hiring in West Texas

An oil and gas drilling rig operating in the Permian Basin near Farmington, New Mexico. (Image courtesy of Encana Corp)

According to FuelFix, Halliburton is set to hire 200 workers in the Permian Basin in West Texas and New Mexico. The Current-Argus reported that Halliburton spokeswoman Emily Mir said in late December there will be job opportunities throughout the Permian, including in Artesia. As the oil industry begins to see a small upswing, local businesses are crossing their fingers that ...

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US rig count drops 9 this week to 406, another all-time low

A Concho Resources drilling rig operates in New Mexico's Permian Basin. (Image courtesy of Concho Resources)

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped by nine this week to 406, another all-time low amid depressed energy prices. A year ago, 888 rigs were active. Houston oilfield services company Baker Hughes Inc. said Friday 328 rigs sought oil and 86 explored for natural gas. One was listed as ...

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Top Eagle Ford news stories: April 22-29

Top Eagle Ford news stories: April 22-29

Review this week’s top Eagle Ford news stories all in one place. Ukraine marked the 30-year anniversary of the Chernobyl nuclear disaster and ExxonMobil lost its coveted AAA credit rating. Find more stories below. 5. New Mexico sues Texas oil company for lease payments SANTA FE, N.M. (AP) — The New Mexico State Land Office is suing a Texas oil ...

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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 ...

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First responder training program planned for Texas region

Image: Robert Couse-Baker via Flickr)

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 ...

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AP Explains: Why US will allow oil exports for 1st time in decades

FILE - In this July 21, 2015, file photo, an oil tanker passes a fisherman as it enters a channel near Port Aransas, Texas, heading for the Port of Corpus Christi. The U.S., seemingly awash in crude oil after an energy boom sent thousands of workers scurrying to the plains of Texas and North Dakota, will begin exporting oil for the first time since the 1973 oil embargo. (AP Photo/Eric Gay, File)

NEW YORK — The U.S., seemingly awash in crude oil after an energy boom sent thousands of workers scurrying to the plains of Texas and North Dakota, will begin exporting oil for the first time since the 1973 oil embargo. The lifting of the embargo is part of a spending deal expected to be pushed through the House and Senate ...

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One Texas company claims even $15 per barrel is profitable


Texas-based oil giant Carson Energy may have figured out a means to completely scoff at even the lowest of oil prices. The industry can’t remove its gaze away from Carson. This week, the company released new analysis that shows rich Texas oil fields can be profitable at just $15 a barrel. “Many investors feel you have to be getting over ...

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Can Texas pull through?

Texas flag

In most people’s mind, Texas and oil go together like Rocky and boxing; one just wouldn’t be the same without the other. So, of course it came as no surprise that communities in south and west Texas suffered as oil prices plummeted over the past year. West Texas crude prices hit $39 this week— the lowest it’s been since 2009, ...

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EIA: Eagle Ford production set to slow down in April

Oil pump

While production has stayed ahead of the drastic rig count reduction in Southern Texas, the latest estimates from the U.S. Energy Information Administration (EIA) predict that for the first time in months now, oil production will drop in the Eagle Ford region. The EIA released the estimates last Monday. According to its data, the Eagle Ford Shale will produce petroleum ...

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