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Midland

David Porter, chairman of the Texas Railroad Commission, speaks Tuesday 11-10-2015 during the Executive Oil Conference at the Midland County Horseshoe Pavilion.
Tim FischerReporter-Telegram

David Porter won’t run for reelection to Texas Railroad Commission

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Texas Railroad Commission Chairman David Porter announced today that he will not campaign for re-election to the commission. Porter is a CPA from Midland, but was well known in South Texas communities for organizing the Eagle Ford Task Force. He released this statement: “After much thought and consideration, my wife Cheryl and I have decided to
Midland Mayor Jerry Morales (left) chats with Clayton Williams (right), President and CEO of Clayton Williams Energy, before the start of a visitation event for Land Commissioner candidate George P. Bush on Sept. 19, 2015
(James Durbin/Reporter-Telegram)

Clayton Williams Energy exploring merger

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The board of directors of Clayton Williams Energy Inc. said it has initiated a review of strategic alternatives to enhance shareholder value, among them a possible merger.
(Jerry Lara/San Antonio Express News)

Luminant inks deal with SunEdison to bring more solar power to Texas grid

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The companies are touting the deal as the largest in the country in which solar power is being bought to compete in a competitive wholesale marketplace with all other power generation.
energy transfer

Energy Transfer explores crude pipeline in Texas, New Mexico

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The proposed Delaware Basin Crude Gathering Pipeline would have a capacity of 120,000 barrels per day of crude oil and consist of three gathering systems totaling about 130 miles of pipeline.
IHS Vice Chairman Daniel Yergin (left) and Occidental CEO Stephen Chazen at the 2015 CERAWeek. (Joshua Cain/Houston Chronicle)

CERAWeek: Occidental boss says influx of capital could prolong downturn

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Occidental Petroleum Corp. CEO Stephen Chazen says new money flowing to oil companies could prolong the industry’s downturn if it keeps financial pressure off U.S. producers who might otherwise dwindle or sell.
Dow Chemical Co. chairman and CEO Andrew N. Liveris, front, addresses his employees and honored guests during the announcement of Dow's new ethylene production plant at Dow Texas Operations, Thursday, April 19, 2012, on the Brazosport College campus in Lake Jackson. (Nick de la Torre/Houston Chronicle)

Dow Chemical, Olin in $5 billion cash-and-stock deal

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Dow has been under pressure from the hedge fund Third Point LLC to split its specialty chemical and petrochemical businesses.
(AP Photo/Hasan Jamali)

3 workers killed in West Texas oil field rig explosion

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The well is owned by Parsley Energy of Midland. Company spokeswoman Lisa Elliott says the workers who died were employed by Mason Well Service Ltd. of Odessa, an independent contractor.
Permian Basin Oil Boom 51 jl

Halliburton exec: “Boom town” costs falling amid oil slump

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The service costs associated with housing and feeding employees in remote locations like the Permian Basin in West Texas and the Bakken Shale in North Dakota typically skyrocket in boom times, Halliburton President Jeff Miller said.
(Daniel Acker/Bloomberg)

DCP Midstream to consolidate offices, lay off employees

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Plans for the cuts and moves were in motion before oil prices began falling last year, a spokeswoman for the company said.
(Photographer: Eddie Seal, Bloomberg)

More Texas drillers slashing spending

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Several Permian Basin drillers have said that they’re planning smaller budgets for 2015.