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Permian Shale News

Texas regulator clears oil and gas company of causing quakes

AUSTIN, Texas (AP) — The regulatory agency overseeing Texas’ oil and gas industry has determined that a series of small earthquakes in North Texas likely wasn’t caused by drilling operations by an Exxon Mobil subsidiary. The preliminary findings mark the first decision by the Texas Railroad Commission since it was authorized last year to consider whether seismological activity was caused ...

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Target Logistics contracted for Permian work lodge

A new major project is underway in West Texas for workforce housing firm Target Logistics. Earlier today, the company announced that construction will begin immediately on a housing facility for “one of the world’s largest” oil and gas exploration and production companies. The announcement did not specifically name the company, but said occupancy should be available by early 2016. “We ...

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Federal Judge rejects O&G permit halt in New Mexico

The Bureau of Land Management near Farmington will continue to issue oil and gas permits, despite requests from nearby environmentalists to halt development permits. The Associated Press reports U.S. District Judge James Browning rejected the proposal Friday. Environmentalists’ push to halt the area’s oil and gas development has spanned several months. The BLM received a 34-page letter last October drafted ...

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What might prompt a short-covering rally in U.S. oil price? Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Hedge funds remained unusually bearish on U.S. oil prices last week even as the cost of WTI tumbled towards the lowest level since 2009. Hedge funds and other money managers held short positions in WTI-linked futures and options equivalent to more than 193 million barrels ...

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Black gold keeps black days away

The recent steady drop in crude oil prices might be the first sign of the end of New Mexico’s seven-year oil boom, meaning New Mexico’s economy could soon face challenges. One of the most prolific oil and gas regions in the United States, the Permian Basin is also one of the largest. It stretches about 250 miles wide and 300 ...

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Permian Basin dominates rig counts

Despite being halved in the past year, the Permian Basin’s rig count heads the upswing with more rigs than any other US region. It’s been a rough year for rig counts in every shale play across the country, and the Permian Basin has been no exception. In the past 12 months, capped August 7 2015, the Basin suffered a loss ...

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Central Texas district attorney serving 10 days for contempt

GEORGETOWN, Texas (AP) — A Central Texas prosecutor has begun serving 10 days in jail for contempt of court for violating a gag order in a 2009 murder case. Williamson County jail records show District Attorney Jana Duty was being held Saturday. An attorney for Duty originally said the jail sentence and $500 fine would be appealed, but the prosecutor ...

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Landowners unable to terminate aging pipeline contracts

GONZALES COUNTY — A landowner stood on a hill of her property and watched as fire from a natural gas pipeline explosion 20 miles away near Cuero burned itself out. The red and orange flames were so bright, it looked like the setting sun. In that moment, Sarah “Sally” Birkner’s future flashed before her eyes. Under her property was a ...

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ERCOT warns of potential need for power outages

electric

After power consumption broke 2011 records for three consecutive days this month, the Electric Reliability Council of Texas issued a call for conservation Thursday morning. During the peak period of 3 to 7 p.m., energy consumers in Texas are being asked to help keep the power grid in working condition by making changes to how they use their electricity. ERCOT ...

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West Texas won’t tolerate illegal dumping anymore

Illegal dumping from both individuals and energy companies have bogged down the Permian Basin for years now. County officials have noticed an upswing in illegally dumped waste including cars, tires, yard waste and oil and gas by-products, but NineWest reports that it won’t be tolerated for much longer. “There are some individuals and some companies as in any business, that ...

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