CALDWELL — Three years ago, Allen Startz found himself in an unwanted kinship with thousands of other oilfield workers in South Texas’ Eagle Ford shale — laid off with few prospects nearby. He left his home in Bryan to work in the Permian Basin in West Texas, making plenty of money, but growing exhausted from […]Read more "Overshadowed by Permian, but Eagle Ford making its own comeback – HoustonChronicle.com"
Tooling Up The oil tools sector relies on old school and new tech to ride the Permian wave. By Paul Wiseman How do you mix new technology with old-school values to stay abreast of customers’ ever-changing operations? This sharing of knowledge boosts teamwork in ways not possible before. Two Permian-based downhole tools companies are using […]Read more "Tooling Up |pboilandgasmagazine.com"
A Houston oil and gas company will acquire nearly 21,000 acres in West Texas’ Permian Basin for $950 million. Earthstone Energy, Inc. announced the purchase of 20,800 net acres from Corpus Christi-based Sabalo Holdings and its subsidiaries. The new acreage will grow Earthstone’s Midland Basin acreage by 69 percent and double the company’s production, according […]Read more "Houston company makes $950 million buy in Permian Basin – Midland Reporter-Telegram"
Horizontal drilling was rarely used in the Permian Basin through the 1980s but advancements in the technology have sent the region’s oil and gas fortunes soaring. “All of us who have been here a long time have seen a lot of things come and go,” said Mike Party, president and owner of Beryl Oil and […]Read more "Horizontal drilling boosts Permian Basin’s fortunes – Midland Reporter-Telegram"
Vernal • Uinta Basin officials are pushing a project they say could quintuple oil production here, bring higher prices and create 27,000 jobs. The plan? Building a 150-mile railroad to allow transporting oil from the basin to out-of-state markets. There’s one big hitch: It carries a price tag of $1.4 billion. Supporters say that’s a […]Read more "Promoters of $1.4 billion railroad in Utah’s oil country want state help – The Salt Lake Tribune"
HOUSTON (Reuters) – Even as crude prices hover near four-year highs, U.S. oilfield service firms’ third-quarter results due out in coming days will reflect a shaky recovery, as their customers face drilling constraints and pressure to hold down spending. Oil producers are holding off finishing new wells, and cost pressures from tight labor markets and […]Read more "U.S. oil service firms face tough quarter despite high crude prices | Reuters"
BILLINGS, Mont. (AP) — The Trump administration is considering using West Coast military installations or other federal properties to open the way for more U.S. fossil fuel exports to Asia in the name of national security and despite opposition from coastal states. The proposal was described to The Associated Press by Interior Secretary Ryan Zinke […]Read more "West Coast military installations eyed for US fuel exports"
The public comment period will soon begin for the Environmental Protection Agency’s (EPA) controversial proposal to ease the Obama administration’s methane pollution standards for oil and natural gas drillers, according to the Federal Register. The proposed change will be published Monday in the Federal Register. EPA will then accept comments from companies, environmental groups, states and […]Read more "EPA to kick off comment period for methane pollution rule rollback | TheHill"
A design engineer at Chevron’s sprawling El Segundo refinery in California used to travel from her office to the plant as many as five times a day to assess operations. Each time, she would bike to where she was needed, suit up with safety gear, assess the problem and bike back to the office, spending […]Read more "Not being there: How augmented reality is changing the oil industry – HoustonChronicle.com"
WPX Energy’s decision to reconfigure its portfolio and buy into the Permian during the downturn was a bold one not viewed favorably by its shareholders at the time. Now, with its operator peers bidding almost $100,000/acre for nearby land, the company can confidently say it was a pacesetter. “We had the sheer opportunity under the […]Read more "JPT The Company That Slipped Into the Permian “Under The Cover of Darkness” | SPE.org"