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Permian Shale News

Snyder: Oil downturn bad for economy, good for housing

SNYDER – House-hunters in Scurry County might finally have a chance now. A downturn in the oil market has not exactly opened up a flood of options in Snyder’s otherwise-tight housing market, but has arguably made the house- or apartment-search slightly less frustrating. The town’s La Posada apartment complex, for instance, finally has a unit available for rent. One vacancy ...

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Environmental groups sue BLM over fracking permits near Chaco

FARMINGTON — A coalition of environmental groups filed suit in federal court on Wednesday to push back against Bureau of Land Management’s permitting of hydraulic fracturing wells near Chaco Culture National Historical Park. The suit, which names the BLM and the U.S. Interior Department as defendants, argues that the federal government is putting the environment, public health and the region’s ...

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Carlsbad approves resolution addressing nuke dump fines

CARLSBAD, N.M. — Carlsbad officials have approved a resolution that makes several recommendations to state and federal officials as they fight over fines stemming from the radiation leak at the federal government’s nuclear waste dump in southern New Mexico. Carlsbad Mayor Dale Janway’s nuclear taskforce announced Wednesday that the city has signed off on the resolution. A similar resolution is ...

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Groups sue feds over drilling in northwest New Mexico

ALBUQUERQUE, N.M. — A coalition of environmental groups is suing the federal government over the approval of oil and gas drilling permits in northwestern New Mexico. The groups filed their lawsuit Wednesday as they prepared to rally at the State Capitol. They contend that more development and hydraulic fracturing could harm the environment and sites such as the Chaco Culture ...

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Council approves re-assignment of contract

The Odessa City Council approved the reassigning of a contract between Gulf Coast Waste Disposal Authority and Kerr Energy, which now allows a different company to take over for the energy company. In a 4-0 vote, council members approved allowing Kerr Energy to be released from its contract and agreed to them being replaced by COG Operating LLC, a subsidiary ...

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Explosion kills oil field worker in southeastern New Mexico

HOBBS, N.M. — An explosion at an oil field site in southeastern New Mexico has killed one worker and injured another. Authorities say preliminary information indicated the explosion occurred Wednesday in southern Lea County while the workers were loading material into a pipe being installed into a drilling pipe. The county Sheriff’s Department said the victims were struck by metal ...

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Odessa oilfield pipe company lays off 78

Houston-based TMK IPSCO plans to lay off 78 workers at its oilfield equipment plant in Odessa in May, according to notice from the company to state regulators released on Monday. The plant threads pipe used in the drilling side of oil and gas activity, meaning the drop in the Permian Basin’s rig count immediately impacted the company, said spokesman Roger ...

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Moves highlight New Mexico fight on oil, gas development

SANTA FE, N.M. — Dueling New Mexico House and Senate moves are highlighting a battle over the authority of counties to regulate oil and gas development. The Santa Fe New Mexican reports that the House passed a measure Tuesday on a 37-28 vote that would limits local control. The bill also gives the state Oil Conservation Division and Oil Conservation ...

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Some good news for a change?

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Chevron plans aggressive growth in the Permian Basin this year, even as rivals in the region scale back amid low oil prices. Senior vice president of upstream Jay Johnson called the Permian “one of our most important growth areas” with assets “second to none,” during an analyst event on Tuesday in New York. “We’ve taken the approach of developing our ...

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Water usage decreases with oil price

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The drop in oil prices should mean less water used by the industry in drought-stricken West Texas, but with that comes a blow to long-term efforts of water recycling even as the amount of produced water injected into the ground continues to grow, industry experts and outside analysts have said. Water requirements for fracking Permian Basin wells should drop from ...

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