Tag Archives: oil
Corpus Christi Port Ramps Up After Crude Oil Export Ban Lifted: New Pipelines Proposed Linking Permian Basin To Port
CORPUS CHRISTI, Texas -A surge in production in the Permian Basin of west Texas, already the nation’s highest producing oilfield, is extracting more crude oil than refiners in Texas can handle. But now, producers in the Permian have new outlets for that oil with economic … Continue reading
The Army Corps of Engineers says it’s denying a permit for building the oil pipeline right above the Standing Rock Sioux Reservation. The move comes after months of protests.
The middle class has shrunk faster in Midland, Texas, than nearly anywhere else in the U.S. Overall, more people are getting rich than falling behind. But extreme booms and busts make life precarious.
Oil has been trading below $30 a barrel this week and that’s bad news for the labor force in the Permian Basin. Some workers aren’t just out of a job, they’re barely staying afloat. But there’s one safety net that’s gotten … Continue reading
The prospect of Iranian oil adding to the global flood of crude pushed prices further down on Monday, with Brent crude, the international benchmark for crude oil, touching its lowest level since 2003 – below $28 dollars per barrel. International … Continue reading
TUESDAY, JANUARY 12: This is a transcript of our discussion on the drop in oil prices and outlook for the future, with reporter Lorne Matalon and host Tom Michael. MICHAEL: Monday was a rough day for oil and gas markets. Prices fell more than … Continue reading
GUADALUPE, Chihuahua — People living in the Juárez Valley southeast of Ciudad Juárez and El Paso, Texas allege that land speculators preparing for the start of oil and gas production have spurred a land grab that’s forced what some claim … Continue reading
The Texas Railroad Commission has a new leader. The state’s three-member oil and gas regulator on Tuesday unanimously elected David Porter as its chairman. He replaces Christi Craddick in the largely ceremonial role. Porter, who formerly ran a Midland accounting … Continue reading
PRODUCER’S NOTE: When oil prices fall, like they’ve done over the last six months, one of the first things oil companies do is cut back on workers and on the number of drilling rigs. That’s happening around the country: There are about half … Continue reading