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Tag Archives: Permian Basin

2015 year in review: The boom went bust

2015 year in review 2015: The boom went bust

When the New Year arrived, it was clear Odessa would not see another year of an oilfield boom. Instead, locals in the industry wondered just how bad it would get and for how long? As the year ends, those same questions remain. The Organization of Petroleum Exporting Countries agreed on Thanksgiving Day 2014 not to cut production in the face ...

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US rigs down 9 this week to 700

HOUSTON — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by nine this week to 700. The Houston firm said Wednesday 538 rigs sought oil and 162 explored for natural gas amid depressed energy prices. A year ago, 1,840 rigs were active. Among major oil- and gas-producing ...

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First responder training program planned for region

In the next month, Dr. Dinesh Vyas of Texas Tech University Health Sciences Center of the Permian Basin plans to start a trainer-trainee program so people can help reduce mortality rates in remote work areas or accident scenes. Vyas, who is an associate professor, associate dean surgery research, associate program director at Texas Tech Health Sciences, said he will start ...

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Despite oil bust, Texas prepares more students for oil jobs

HOUSTON — The oil industry is mired in its latest bust, with thousands of jobs evaporating like flares flaming out over natural gas wells. But in Texas, education officials are preparing more young people for the oil patch, showing the state’s unshakeable commitment to the energy sector despite the employment uncertainties. The Houston school district is planning to expand its ...

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Meth use, distribution spikes

police lights

EDITOR’S NOTE — The Odessa American used pseudonyms for the woman in West Odessa and the undercover narcotics officer for their safety. Amy said she’s had bicycles, an air compressor, a table saw, a shop vac and a number of other items stolen from her West Odessa home, thievery she suspects ultimately funds neighbors’ drug habits. She said she knows ...

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Target Logistics to build new Permian Basin mancamp

A pump jack which produces oil from the Permian Basin in Artesia, New Mexico, is seen in this undated handout photo provided by Devon. REUTERS/Devon Energy/Handout via NewsCred

Target Logistics recently announced plans to build a new 200-bed mancamp somewhere in West Texas for “one of the world’s largest independent oil and natural gas exploration and production companies,” at a time when occupancy rates at such facilities suffer from the oil and gas downturn. Woodlands-based Target Logistics did not disclose the company that commissioned the lodging facility or ...

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Evolution Midstream LLC entering oil and gas industry during mass exodus

Amid the crumbling of the oil industry, with companies bailing out left and right, one company jumps in-Evolution Midstream LLC. Based in Denver, the company will specialize in midstream solutions for natural gas, crude oil and produced water. The commitment of $300 million by EnCap Flatrock Midstream, a San Antonio based private equity firm, will help the company get established, ...

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