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Noble makes bold moves in the Permian

US rig count drops to 443 this week, Texas loses 7

With a recent Permian Basin acquisition worth around $6 billion, Exxon Mobil isn’t the only oil and gas company making waves in the new year. Noble Energy announced Jan. 16 it plans to acquire Clayton Williams Energy for $2.7 billion in Noble Energy stock and cash. The Noble Energy press release notes the acquisition will advance the companies goals within the ...

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Halliburton hiring in West Texas

An oil and gas drilling rig operating in the Permian Basin near Farmington, New Mexico. (Image courtesy of Encana Corp)

According to FuelFix, Halliburton is set to hire 200 workers in the Permian Basin in West Texas and New Mexico. The Current-Argus reported that Halliburton spokeswoman Emily Mir said in late December there will be job opportunities throughout the Permian, including in Artesia. As the oil industry begins to see a small upswing, local businesses are crossing their fingers that ...

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Thanks to the Wolfcamp, Permian Basin breaks another record

A Concho Resources drilling rig operates in New Mexico's Permian Basin. (Image courtesy of Concho Resources)

The U.S. Geological Service (USGS) announced the estimate of continuous oil in the Wolfcamp shale in the Midland Basin portion of the Permian Basin is almost three times that of the 2013 USGS Bakken-Three Forks resource assessment. This makes the the Wolfcamp the largest estimated continuous oil accumulation that the USGS has assessed in the United States–ever. The USGS estimates ...

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2016 Texas Oil & Gas Awards Winners Announced

oil and gas awards

The 4th annual Texas gala ceremony was held in Houston on November 3rd at DoubleTree by Hilton Houston Greenway Plaza where hundreds of oil and gas executives gathered together to celebrate leading companies in operational excellence, innovation, corporate social responsibility, health and safety as well as environmental stewardship. Congratulations to our 2016 Texas Oil & Gas Awards Winners: Trucking Company of ...

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Texas parks department lied about Balmorhea springs?

Balmorhea

FuelFix reported today that Texas state park officials did not actually conduct any research that analyzes impacts of oil drilling in West Texas’s Balmorhea State Park. With the controversy over drilling on federal lands one of the past year’s most debated oil and gas topics, it seems like a risky oversight on the part of park officials. Three weeks ago, ...

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Dallas Fed: Oil and Gas Activity Rises in Third Quarter

Dallas Fed, oil and gas activity

Surveys and reports from the Federal Reserve Bank of Dallas are now available for the third quarter. The business activity index – the survey’s broadest measure of conditions facing Eleventh District energy firms – was up from 13.8 in the second quarter to 26.7. While the survey still shows weakness in both industry employment and production, it does show some ...

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Apache may have struck big in West Texas

Apache, Texas oil discovery

DALLAS (AP) — A Houston driller is boasting of a big new oil and gas discovery in West Texas. Apache Corp. believes there could be 3 billion barrels of oil and 75 trillion cubic feet of natural gas in an area it calls Alpine High. The company announced its discovery Wednesday after two years of drilling in the largely undeveloped ...

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