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Permian Shale News

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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Halliburton hiring in West Texas

Halliburton hiring in Permian, An oil and gas drilling rig operating in the Permian Basin near Farmington, New Mexico. (Image courtesy of Encana Corp)

According to FuelFix, Halliburton is set to hire 200 workers in the Permian Basin in West Texas and New Mexico. The Current-Argus reported that Halliburton spokeswoman Emily Mir said in late December there will be job opportunities throughout the Permian, including in Artesia. As the oil industry begins to see a small upswing, local businesses are crossing their fingers that ...

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Aggreko’s automated power control kit cuts fuel costs

power automation, aggreko

Houston–Power generation and HVAC specialty rental company Aggreko, plc has launched a unique power automation system that eliminates idling and saves up to 65% in fuel costs. The unique technology also reduces emissions, regardless of the fuel source. Aggreko’s scalable power automation systems can be retrofitted on diesel and natural gas generator sets and incorporates a hybrid battery control kit ...

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Thanks to the Wolfcamp, Permian Basin breaks another record

Permian Basin, Wolfcamp

The U.S. Geological Service (USGS) announced the estimate of continuous oil in the Wolfcamp shale in the Midland Basin portion of the Permian Basin is almost three times that of the 2013 USGS Bakken-Three Forks resource assessment. This makes the the Wolfcamp the largest estimated continuous oil accumulation that the USGS has assessed in the United States–ever. The USGS estimates ...

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Railroad Commission is accused of pay-for-play politics

Texas Railroad Commission, Sitton

The Houston Chronicle reported today that Texas Railroad Commission candidate Wayne Christian has collected nearly $300,000 in political contributions this year, with almost $190,000 from oil and gas interests. Among the top contributors are Exxon Mobil PAC, Jeffrey Hildebrand (CEO, Hilcorp Energy), and Pioneer Natural Resources. His opponents in the race include Libertarian Mark Miller, Green Party candidate Martina Salinas ...

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Environmental groups raise concerns over Texas oil find near Balmorhea

Balmorhea, oil discovery west texas

HOUSTON (AP) — Some environmental organizations have raised concerns about a reported big oil and gas discovery in West Texas. The Houston Chronicle (http://bit.ly/2eDvvgQ ) reports several environmental groups are scrutinizing plans to drill around Balmorhea (BAL’-muh-ray) State Park and its famous spring-fed pool. Houston-based Apache Corp. last month announced plans for drilling after projecting up to 3 billion barrels ...

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Texas parks department lied about Balmorhea springs?

Balmorhea

FuelFix reported today that Texas state park officials did not actually conduct any research that analyzes impacts of oil drilling in West Texas’s Balmorhea State Park. With the controversy over drilling on federal lands one of the past year’s most debated oil and gas topics, it seems like a risky oversight on the part of park officials. Three weeks ago, ...

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