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Midland

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.
(AP Photo/Scott Eells)

Gov. Perry: Falling oil prices ‘painful’ for parts of Texas

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Addressing a conservative forum Friday in Austin, Perry said Texas has diversified its economy since the 1980s when an oil bust brought economic misery to much of the state.
(AP Photo/Hasan Jamali)

Midland Basin oil worker talks crude prices, fracking bans in Reddit AMA

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The worker answered dozens of questions from Redditors on life as a roughneck and the feelings among workers as dropping crude prices threaten to halt drilling.
(AP file photo)

Permian crudes weaken after Sunoco pipeline spill

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Crude extracted from the largest U.S. oil field weakened against the U.S. benchmark after producers lost access to Midwest markets when a 4,000-barrel spill in Louisiana forced the shutdown of a key pipeline.