Home / Tag Archives: Permian Basin

Tag Archives: Permian Basin

Rig count continues to swell

baker hughes rig count

The Baker Hughes rig count Friday showed another significant increase in exploration for oil and gas. The rig count went from 712 to 729, an increase of 17. Of those rigs, 583 are exploring for oil and 145 are exploring for gas. All the additions this week were looking for oil. Alaska, Arkansas, Colorado and Wyoming each added one rig. ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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, ...

Read More »

Oil industry headlines from around Texas

Texas oil, pumpjack

From budget cuts to oil spills, here is the news from the Texas oil and gas industry this week. Oil spill photos are finally visible to the public Photos taken by the Civil Air Patrol of flood-related oil spills are now available to the public online, rather than requiring a login and password for the University of Texas website. The ...

Read More »

New Mexico land commissioner opposes flaring rules

permian basin, halliburton hiring, new mexico

SANTA FE, N.M. (AP) — New Mexico State Land Commissioner Aubrey Dunn isn’t a fan of the Obama administration’s plan to clamp down on oil companies that burn off natural gas on public land. Dunn announced Thursday that his office has submitted comments in opposition of the proposed venting and flaring regulations. Dunn says a committee was formed in New ...

Read More »

Texas, New Mexico oil producers push for import limits

Image: tsuna72 via Flickr

ALBUQUERQUE, N.M. (AP) — Oil drilling companies and royalty owners from the Texas Panhandle to New Mexico’s stretch of the Permian Basin are embarking on a grass-roots campaign to limit foreign oil imports, salvaging what they say is a major sector of the U.S. economy. “American oil is competing against a cartel of government operators which has a stated initiative ...

Read More »

Oil-dependent New Mexico joins climate-change coalition

Pump jack and flare operating in the Permian Basin, Eddy County, New Mexico. (Image: Blake Thornberry via Flickr)

SANTA FE, N.M. (AP) — New Mexico Attorney General Hector Balderas has joined a coalition of 17 state attorneys general to combat global warming by examining whether fossil fuel companies misled investors or the public on the impact of their business. State Deputy Attorney General Tania Maestas met Tuesday in New York with other prosecutors in the coalition. New Mexico depends heavily ...

Read More »