Tag: Midland

Occidental breaks ground on Midland complex

MIDLAND — Occidental Petroleum officials and employees gathered earlier this week with local- and state-elected officials — including Gov. Rick Perry — to break ground for the company’s Midland office. Mayor Jerry Morales began the event, welcoming participants and citing not only Occidental’s job creation but its contributions to the community — from schools to […]  More »

Crude prices rise as supply dips

Oil prices generally rebounded Wednesday as a report by the U.S. Energy Information Administration indicated that supplies of crude oil fell through the week ending Aug. 15.  More »

Texas price gap widens as oil production rises

A backlog of Permian Basin oil sent the price of crude in Midland $19 below the U.S. benchmark during Tuesday trading morning and $21 dollars below by the end of the day, the widest gap on records that stretch back to 1991.  More »

TETRA’s gas compression arm to make $825M acquisition

A unit of TETRA Technologies said Sunday it will pay $825 million for a West Texas firm that owns one of the largest fleets of natural gas compressors in the nation.  More »

Trains keep rolling from Permian Basin

Trains will roll all month out of the Permian Basin, the largest onshore U.S. oil field, as production outpaces pipeline capacity and a refinery outage saps demand.  More »

Chevron CEO, in Midland, touts Permian Basin

The Permian Basin is undergoing a tremendous rebirth due to technological advances, Chevron Corp. chairman and CEO John Watson said Wednesday at the company’s annual shareholder meeting.  More »

Big Oil comes up short in shale

The same North American oil patches that have lifted Pioneer and other independent oil producers to an unprecedented status in the energy industry haven’t come up gushers for major integrated oil companies like Royal Dutch Shell and BP.  More »

Diamondback buys acreage in Permian

Diamondback Energy, Inc. has paid $174 million for a stake in 6,450 acres of leasehold interest in the Permian Basin that it believes could be a contender for horizontal drilling, the company announced Tuesday.  More »

More oil and gas drillers turn to water recycling

Drillers have found a way to get by with much less water: They recycle it using systems that not long ago they may have eyed with suspicion.  More »

Booming oil towns prepare for inevitable bust

The surge in oil drilling has drawn money and men like a magnet to run-down communities that haven’t seen a boom since the 1980s. But leaders and residents here are increasingly mindful that the runaway riches tapped by hydraulic fracturing will eventually run out.  More »

Energy Tower would be 6th tallest building in Texas, developer says

A developer is pitching what would be by far the tallest building in downtown Midland, a booming oil and gas town in west Texas.  More »

Electricity prices soar in West Texas as shale drilling expands

The Texas shale boom has led to record growth in the demand for electricity in West Texas, experts said in at the Gulf coast Power Association panel on Wednesday afternoon.  More »
Page 1 of 212