Tag: Midland

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 »

Commentary: In Texas, Energy Production is a Statewide Venture

Recently, much of the discussion on energy production in Texas has focused on the massive expansion of the Eagle Ford shale. And for good reason. The shale formation created 117,000 jobs and $25 billion in economic activity in 2011 and is on track to top those numbers in 2012 and 2013. But it’s also worth […]  More »

Midland counts on 53-story tower as oil again buoys Texas

When clients in Midland, Texas, complained that they couldn’t find office space, hotel rooms or banquet halls, hedge fund co-founder Joseph Jacobs saw a big opportunity.  More »

Conoco moving West Texas management to Houston

ConocoPhillips is splitting its vast mid-continent business in two and moving managers from Midland to Houston, as part of an internal reorganization, according to a spokesman.  More »