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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
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.
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.
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.
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 has been under pressure from the hedge fund Third Point LLC to split its specialty chemical and petrochemical businesses.
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.
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.
Plans for the cuts and moves were in motion before oil prices began falling last year, a spokeswoman for the company said.
Several Permian Basin drillers have said that they’re planning smaller budgets for 2015.