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Tag Archives: Texas

Pioneer Natural says harsh winter in Texas may hurt 4th-qtr results

oil

Dec 10 – Oil and gas producer Pioneer Natural Resources Co and its unit Pioneer Southwest Energy Partners said their fourth-quarter results could fall short of their expectations after a severe winter in Texas hurt production. Pioneer Natural had said last month that a severe winter hurt production and drilling operations in the Spraberry/Wolfcamp, Eagle Ford Shale and Barnett Shale ...

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Texas oil boom towns prepare for a possible oil bust

texas

MIDLAND, Texas – In a faded West Texas town dotted with vacant buildings and potholed streets is a sparkling storefront window and a curious display: rows of diamond-studded Rolex watches, awaiting buyers whose pockets are packed with oil money. The surge in oil drilling has drawn money and men like a magnet to run-down communities that haven’t seen a boom ...

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