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Dallas Fed: Texas oil is strong

Permian Basin, Wolfcamp

The most recent report from the Federal Reserve Bank of Dallas for June 2017 shows that many indicators for the oil and gas sector continued to increase in May. While WTI crude dropped slightly, production growth continues to stay strong, especially in the Permian basin. Below is a summary of the report from the Dallas Fed. For more details and graphs, be sure ...

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Want to work in the Permian? Try these hot jobs…

Permian jobs

The Permian Basin seems to be growing when everyone else is still adjusting to a “new normal” with lower oil prices and smaller work crews. While many oil and gas companies as well as oilfield services companies are still hiring, the Permian is seeing what some are referring to as a “little boom.” So if you want to work in ...

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Stay Safe and Smart During Your Downtime

DUI, driving while intoxicated, drunk driving, workplace safety

As a pipeline worker, you likely give your job your all, and on any given week you can quickly log in over 40 hours of hard labor. As you well know, it’s common to have a few drinks with your coworkers, particularly in towns where there’s little else to do but go to a bar. While there’s nothing wrong with ...

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Epic pipeline from Permian to Corpus Christi announced

Epic pipeline, Permian pipeline

Yet another pipeline is in the works. A 730-mile cross-Texas pipeline would take crude oil and condensates from the Permian Basin to the Port of Corpus Christi and other area drop-offs. The so-called Epic Pipeline would have a maximum capacity of 440,000 barrels per day with crude pickup points include Orla, Pecos, Crane and Midland, according to a news release. ...

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Fewer homes available in Permian area

homes for sale in Midland, Permian Basin

Does the kick in activity indicate another “boom” cycle in the Permian? While it’s likely that we won’t see $100 oil, and the scramble to “drill, baby, drill” isn’t quite the same as in 2013-2014, activity in the Permian basin continues to increase more than in other shale plays across the country. One result–fewer homes available for purchase. A lack ...

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Coal dominates in Texas as energy source

wind, texas, texas energy

According to the Electric Reliability Council of Texas, coal was the number one energy source for Texas in January, reports FuelFix. Coal provided nearly 36 percent of Texas’ energy, followed by natural gas at 30 percent and wind at 20 percent. Natural gas prices increased in January, which led to higher demand for the cheaper coal. Typically, natural gas is the dominant source ...

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Texas RR commissioner Sitton’s ethics questioned

Texas Railroad Commission, Sitton

When Rex Tillerson, the former CEO of ExxonMobil, was picked by President Trump as secretary of state, immediately there were questions about potential conflicts of interest and the oil tycoon’s ability to made conflict-free decisions in his new role. So he agreed to sell more than 600,000 shares of his company, worth more than $54 million. He gave up potential ...

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Noble Energy to acquire Clayton Williams Energy

rig count

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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Exxon Mobil joins Permian land rush

oil derrick

Exxon Mobil announced Tuesday it will sell $5.6 billion in stock to acquire companies that control prime areas of oil and gas real estate in the Permian Basin. The company estimates that 60 billion barrels of oil reside under the land included in the oil and gas interests soon acquired from Fort Worth’s Bass family. About 3.4 billion barrels is ...

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