Overshadowed by Permian, but Eagle Ford making its own comeback – HoustonChronicle.com

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 […]

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Tooling Up |pboilandgasmagazine.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 […]

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Promoters of $1.4 billion railroad in Utah’s oil country want state help – The Salt Lake Tribune

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 […]

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U.S. oil service firms face tough quarter despite high crude prices | Reuters

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 […]

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U.S. business group says Trump China tariffs cost $1.4 bln/month | Reuters

WASHINGTON, Oct 11 (Reuters) – A coalition of U.S. business groups fighting President Donald Trump’s trade tariffs has launched an advertisement aimed at telling voters ahead of the midterm elections that the measures are costing American businesses and consumers $1.4 billion a month. The group says that in Michigan, a state with several competitive elections […]

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Report: Permian will need $300B over next 5 years to maintain growth – Midland Reporter-Telegram

The Permian Basin will need $310 billion over the next five years in order to continue to grow and potentially add 3 million barrels of oil production by 2023. The investments would fund the drilling and completion of up to 41,000 new oil wells in the West Texas region, according to a new report by […]

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Colorado to vote in November on proposal to toughen oil drilling rules | Reuters

(Reuters) – A Colorado ballot initiative that would sharply increase the required distance between new oil wells and populated areas will go before voters in November, Colorado officials said on Wednesday. The proposal, opposed as anti-fracking by oil and gas producers, would require new projects to be at least 2,500 feet (762 m) from buildings, […]

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Trump’s Tariffs Raising Costs For The U.S. Oil And Gas Industry – And Americans

We’re now seeing the impacts of the steel tariffs flow through and they’re affecting, of course, tubulars and other steel products that we use. We can see steel easily compared to last year would be 20% to 25% over last year’s cost for the same products,” Timothy Dove, CEO, Pioneer Natural Resources, leading producer in […]

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Burn, baby, burn: Natural gas is cheap, and Texas drillers are flaring more of it  | Economic Snapshot | Dallas News

Oil drillers are burning excess natural gas to keep the crude oil flowing. Natural gas is mostly a byproduct of crude oil drilling in the Permian Basin. So the shortage of pipeline capacity to transport the gas to market has played a role in companies burning — or flaring — large amounts of natural gas […]

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Houston oil and gas company makes $190 million buy in Eagle Ford | Chron.com

Houston oil and gas company makes $190 million buy in Eagle Ford — Read on www.google.com/amp/s/www.chron.com/business/energy/amp/Houston-oil-and-gas-company-makes-190-million-13171148.php

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