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Tag Archives: Permian Basin

Analyst: Operators still have appetite for conventional plays

permian

Unconventional plays like the Wolfberry, the Wolfbone and the Horizontal Wolfcamp are getting the lion’s share of attention. Technological advances in horizontal drilling and hydraulic fracturing that result in high initial production volumes have operators flocking to acreage in the Midland and Delaware basins. But the conventional wells that launched the Permian Basin oil industry over 90 years ago, when ...

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Encana makes ‘transformative’ acquisition

encana

Like many other oil and gas operators, Calgary’s Encana Corporation has been eyeing the Permian Basin, which already is active in the Haynesville Shale, East Texas and most recently the Eagle Ford. This week the Canadian firm jumped into the region with its $7.1 billion acquisition of Fort Worth’s Athlon Energy in what Encana President and Chief Executive Offer Doug ...

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Texas monthly oil production rises

SAN ANTONIO — Spurred by drilling across Texas and led by the Eagle Ford Shale and Permian Basin, crude oil production in Texas rose more than 23 percent in August compared to August 2013, the Texas Petro Index reports. Oil production totaled an estimated 95.56 million barrels in August compared with 77.6 million barrels in August 2013, says economist Karr ...

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Grill of Thrones

grilling

On Thursday night smoke lifted into the air between Odessa and Midland filled with the savory smell of beef for the 22nd Annual Great American Steakout at the Commemorative Air Force. The event featured about 20 cooking teams preparing to take the top steak of 2014, a silent and live auction, an appetizer competition, live music and all for a ...

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Is Midland a hard place to live in?

midland

I moved to Midland at the end of August following the trail of opportunity that has welled up from the activity of the oil industry in the Permian Basin. Many asked me what I was moving to Midland for; a man from Dallas simply asked, “Why?” The promise of a job and the ability to work my own beat drew ...

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Upcoming Permian Basin events

days

The Permian Basin has many exciting upcoming events, including the Halloween 5K, Permian Basin International Oil Show, the 86th NMOGA Annual Meeting, Def Con 1 Haunted Warehouse, and Party in Pink Zumbathon Charity Event. The run is on Saturday, October 11 in at McKinney Park in Odessa, TX.  Those participating are encouraged to dress in their Halloween costumes. The top ...

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Job market benefits employees, while employers struggle

The Midland Reporter-Telegram Job Fair brought out employers and employees alike for meetings and interviews. But if there’s one thing that was made clear, it’s an employee’s market in Midland. “People really aren’t looking for jobs so you’re not finding a lot of people that are out putting in applications or sending in resumes,” said Kayce Hyatt, director of human ...

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BridgeTex pipeline now in service

oil pipeline

Magellan Midstream Partners and Occidental Petroleum Corp. (Oxy) have officially announced the new BridgeTex Pipeline is up and running. The BridgeTex pipeline connects the Permian Shale Basin, the U.S.’s largest oil producing basin, to the Houston refinery markets.  The pipeline is able to transport as much as 300,000 barrels of crude oil per day. Oxy is looking forward to an ...

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