Tag: Midland

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

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.  More »

DCP Midstream to consolidate offices, lay off employees

Plans for the cuts and moves were in motion before oil prices began falling last year, a spokeswoman for the company said.  More »

More Texas drillers slashing spending

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

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

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.  More »

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

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.  More »

Permian crudes weaken after Sunoco pipeline spill

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.  More »

Linn Energy is selling $2.3 billion in assets

Proceeds from Linn’s sales will be to pay for $2.3 billion worth of assets it bought Devon Energy Corp.  More »

New pipelines to end Midland crude discount in coming months, analyst says

The BridgeTex pipeline began its first shipments of oil from the Permian Basin to the Gulf Coast, in what could be an important step toward bringing oil prices in the Midland region back toward parity with the U.S. benchmark set in Cushing, Oklahoma.  More »

Midland, Cushing price difference not letting up, report says

A new government report says West Texas Intermediate crude traded in the Permian Basin market of Midland has averaged almost $6.70 per barrel less than the U.S. benchmark price set at a hub in Cushing, Oklahoma.  More »

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 »
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