Tag Archives: Permian Basin
Cost-cutting and advances in drilling technology are helping companies withstand persistently low oil prices.
In the coming months and years, sand mining and production facilities are poised to become a booming business in the Permian Basin. There are currently at least 14 companies looking to establish mining operations in the Permian. But since July, Houston’s Hi-Crush … Continue reading
New research out this week, looking at production in the Permian Basin, says the next several decades could keep oil operators busy as estimates show there are billions of barrels of crude waiting to be tapped.
A new study suggests oil production in the Permian Basin could peak as early as 2021 due to geological constraints. This was the downside scenario gamed out by researchers with industry intelligence company Wood Mackenzie. “We’re going to drill really … Continue reading
More than 500 miles from the flooding in Houston, oil fields in the Permian Basin are dry – but that doesn’t mean that they won’t feel the impact of Hurricane Harvey.
There’s a natural resource sitting above ground in oil-rich West Texas that’s in high demand this summer. Millions of tons of it, in fact. A field of sand dunes extends 200 miles in a crescent from New Mexico through the … Continue reading
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
By Caroline Halter To predict production levels in the Permian Basin, energy analysts often look at the number of rigs in the area. It’s a simple formula: when rig count goes up, they expect output to follow. But, a number … Continue reading
Almost a decade after filing its first application, the family of oilman Clayton Williams has been granted a permit to pump millions of gallons of water out of Pecos County. The permit was granted by the Middle Pecos Groundwater Conservation … Continue reading
Fortunes in the oil fields are rising, along with methamphetamine use among workers.