Business
Exxon Mobil Profit Falls 49% As Oil And Gas Prices Decline
Posted on · Oil prices have suffered due to a prolonged trade war between the U.S. and China, which has raised concerns about a global economic slowdown.
Tag: Permian Basin
News
At Odessa Vigil, Permian Basin Community Comes Together To Mourn And Honor Lives Lost In Shooting
Posted on · Sunday’s vigil, held on the campus of the University of Texas of the Permian Basin, began with a standing ovation for law enforcement and medical providers.
Houston Matters
Now That Occidental And Anadarko Have Merged, Are Layoffs Next?
Posted on · Energy analyst Loren Steffy outlines which sectors of the new energy behemoth might see job cuts.
Energy & Environment
West Texas Boom Softens Oil Market Impacts Of Iran Tensions, Analysts Say
Posted on · There's less concern about supply disruptions with so much Permian oil available, but experts caution markets could be underestimating geopolitical risks.
In-Depth
“Carbon Neutral Oil” Is Promising, But Far From Guaranteed
Posted on · Some experts say sequestered CO2, even if it's used for oil production, can help the planet in the short-term. But critics say it prolongs the use of fossil fuels.
Business
Chevron Bows Out Of Fight For Anadarko Petroleum
Posted on · The bidding war between Chevron and Occidental surprised those who follow the energy sector. No one had seen a similar grab in decades.
Energy & Environment
Report: Permian Basin Oil Producers Are Releasing High Amounts of Harmful Emissions
Posted on · A report by the Environmental Integrity Project concluded sulfur dioxide is mainly being released when oil and gas companies use flares to burn off excess natural gas.
Houston Matters
Full Show: Saving Historic Texas Dance Halls, Jared Diamond, And Actor Wilmer Valderrama (May 9, 2019)
Posted on · On Thursday's Houston Matters: Concerns about air quality in the Permian Basin, how weddings are helping save historic Texas dance halls, author Jared Diamond, and actor Wilmer Valderrama.
Energy & Environment
Occidental Makes Competing Offer For Anadarko Petroleum
Posted on · Houston-based Occidental said the proposed combination would bolster its position in the Permian Basin.
Energy & Environment
Report: Permian Basin Oil Producers Flaring More Natural Gas Than Reported
Posted on · An analysis of government satellite data by the Environmental Defense Fund shows that the amount of natural gas that energy companies burned off in 2017 is twice as high as what they reported to state regulators.
In-Depth
Drillers Burn Off Record Amounts of Gas as Focus Remains on Oil
Posted on · In West Texas, natural gas flares dot the horizon, a sign of how oil drilling is growing faster than pipelines and other infrastructure.
News
Texas Sand Mines Starting to Edge Out Midwestern Counterparts
Posted on · Demand for sand is growing with increased Permian Basin drilling, but the West Texas sand market could become oversupplied.
News
Report: Texas Natural Gas Flaring at Record Highs
Posted on · Too much gas + not enough pipelines = more and more flaring
Business
BP Closes Deal That Will Increase Oil And Gas Production in Texas
Posted on · The company has bought BHP Billiton's shale oil and gas assets in the U.S., which will give it access to the fast-growing shale industry
News
Permian Oil Production To More Than Double By 2023, Report Says
Posted on · IHS Markit expects "stunning" growth in oil pumped from West Texas and bound for countries around the world.