Permian oil pump jacks in Eddy County, New Mexico. AFP via Getty Images The Permian basin of West Texas and New Mexico is desert for the most part. The desert is called the Chihuahuan but is not raw d...
Tag: Permian Basin
Oil And Gas Industry Mergers Dropped 13% During 2022
Aerial view of Natural Gas Well being drilled in northwestern West Virginia in the Marcellus Shale … [+] Formation photograph taken August 2020 getty In its annual report detailing activity arou...
The Disappearance Of Good Rock Worries Oil Markets
Oil companies drilling in Texas’ Permian Basin are having to adapt to falling output as acreage with … [+] the “top rock” runs out. (Photo by Spencer Platt/Getty Images) Getty ...
ExxonMobil Strives To Please Everyone In New Strategic Plan
Indianapolis – Circa October 2021: Exxon Retail Gas station. getty ExxonMobilXOM announced Thursday that it will be raising its investments in pretty much all areas of its business, perhaps most...
A 5.4M Earthquake Shakes Up Oil And Gas Disposal Wells And Nuclear Waste Plans In The Permian Basin Of West Texas.
A road sign report of an earthquake in February 2016 in Oklahoma. Getty Images In the island of West Java, part of Indonesia, a moderate earthquake of magnitude 5.6 occurred on November 21, 2022. Beca...
Permian Basin Drives The U.S. Oil Industry Despite Limits On Growth
Oil Wells pumping outside of Midland Texas. (Photo by: Joe Sohm/Visions of America/Universal Images … [+] Group via Getty Images) Joe Sohm/Visions of America/Universal Images Group via Getty Ima...
Pioneer Natural, Alico And These 3 Other Stocks Boast Dividend Appeal
fort Myers, Florida, where Alico has its headquarters, was especially hard hit by Hurricane Ian. … [+] Photo by Joe Raedle/Getty Images Getty Images A time-honored investing method is to buy sto...
Texas Is Primed To Be Our Nation’s Direct Air Capture Hub
Emily Pickrell, UH Energy Scholar IMAGE DISTRIBUTED FOR NRG – The W. A. Parish power plant on Friday Sept. 5, 2014 in rural Fort Bend … [+] County, TX. Ground was broken today on the Petra...
Billion Dollar Deals Break Out Across The Shale Patch
construction and work trucks driving on road into Midland Texas getty Just when it appeared the news in the energy world could not become any more hectic, two multi-billion dollar merger deals among b...
Fed Money Comes To Plug Or Re-Plug Abandoned Wells In USA.
An orphan oil well, for which no one is taking legal or financial responsibility, sits abandoned in … [+] Kern County outside of Bakersfield, California The Washington Post via Getty Images Oil ...
Coterra Energy Call Aims For 6.7% Return
Crude oil is trading at a six-month low, down 28% from highs above $120 per barrel in March to $88 today for a barrel of the West Texas Intermediate variety. Despite the big drop, oil is still up 42% ...
Members Of Congress Push Back On EPA’s Threat To The Permian Basin
WASHINGTON, DC – APRIL 21: Rep. August Pfluger (R-TX) speaks to the media with members of the … [+] Republican Study Committee about Iran on April 21, 2021 in Washington, DC. The group has...
A Texas Natural Gas Pipeline Highlights America’s Energy Conundrum
US President Joe Biden, flanked by European Commission President Ursula von der Leyen, makes a … [+] statement about Russia at the US Chief of Mission residence in Brussels, on March 25, 2022. (...
EPA Targets Permian Basin, Widening Biden’s War On Oil And Gas
WASHINGTON, D.C. – APRIL 22, 2018: A flag with the United States Environmental Protection Agency … [+] (EPA) logo flies at the agency’s headquarters in Washington, D.C. (Photo by Rob...
Chevron, ExxonMobil CEOs Set The Stage For Thursday Meeting With Biden Officials
Mike Wirth, chairman and chief executive officer of Chevron USA Inc., speaks during the 2022 … [+] CERAWeek by S&P Global conference in Houston, Texas, U.S., on Monday, March 7, 2022. CERAWe...
Another Pure Permian Mini-Major Rises In Centennial, Colgate Merger
ANDREWS, TX – An oil pumpjack works at dawn in the Permian Basin oil field on January 20, 2016 in … [+] the oil town of Andrews, Texas. (Photo by Spencer Platt/Getty Images) 2016 Getty Ima...
Jump In Methane Emissions That Fingers Big Oil — But Wait, Not So Fast.
Extracting oil from wells in the Permian Basin near Midland, Texas. Getty Images The methane bugaboo began around 2003 when a mysterious cloud of methane gas was found, by satellite, hovering above Fa...
The King Of Shale Oil, The Permian Basin, Is Still Riding The Wave.
Warning of a petroleum pipeline running along the ground in the Permian Basin on March 2022 in … [+] Midland, Texas. Getty Images Riding the wave. The Permian basin, in West Texas and New Mexico...
Flaring Of Gas Falls Off In Permian And Bakken – And Why That’s Good News.
Three oil wells in the Bakken and flaring of natural gas on The Fort Berthold Indian Reservation … [+] near New Town, North Dakota. The Washington Post via Getty Images Gas flaring refers to bur...