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permian basin

Noble Energy hunts for oil offshore Israel in the Tamar field. The Houston-based oil company has stalled its Israel investments after a dispute with the country's anti-trust regulators. (Noble Energy)

Noble outflanked a pair of rivals to secure Rosetta deal, docs show

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Noble Energy outbid at least two other companies interested in buying Rosetta Resources by sweetening its offer and agreeing to pay a higher premium for the smaller independent producer than the other firms were willing to spend, newly released regulatory filings reveal.
(Spencer Platt/Getty Images)

U.S. shale production set to fall again in July, EIA says

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Daily oil production at the nation’s six biggest shale plays is set to slip by 91,000 barrels from June to July, the Energy Information Administration says.
(Photo by Eddie Seal for Bloomberg News)

Analysts: Eagle Ford drilling will get a lot cheaper by mid-2016

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The oil slump hasn’t stopped producers in the South Texas play from getting better at targeting oil-rich rock in lateral sections of their horizontal wells.
T. Boone Pickens speaks at the 2014 LNG Conference Jan. 22, 2014, in Houston.  (Eric Kayne/For the Chronicle)

T. Boone Pickens makes stock picks amid oil slump

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Energy mogul T. Boone Pickens, who has said many times he believes oil prices are headed higher, snapped up shares in a U.S. rig contractor and a pair of oil tanker operators in the first quarter.
(Photo by Eddie Seal for Bloomberg News)

EIA: U.S. shale production set to fall again in June

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Output growth is shrinking even in the Permian Basin, where oil companies have kept more horizontal rigs drilling for oil.
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.
Original byline: Jim Blecha/

Experts: New Mexico oil patch could lose 2,000 jobs

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The number of drill rigs operating in the San Juan and Permian basins has dropped from 85 to 60 over the past year, and state energy Secretary David Martin said each rig directly employs 50 workers and another 50 to 70 in support jobs.
Photographer: Ty Wright/Bloomberg

Oilfield safety a concern as companies cut costs during downturn

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The oil and gas industry saw 112 workers die in 2013, the latest figures available from the U.S. Bureau of Labor Statistics. That’s up 31 percent from 2003. Meanwhile, producers and drillers doubled their workforce in the same period, to 507,000.
A Frank's International crew works on a rig. (Frank's International handout photo)

Frank’s International to buy oil-tool firm for $95 million

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Both firms have businesses running piping and casing for oil companies that are constructing wells, part of the post-drilling processes that lead firms to extract the first barrels of oil out of the ground.
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.