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Permian Shale News

Oil seepage threatens Monahans Draw

Leaking oil from a lease atop the Monahans Draw raises worry of contamination of the waterway, and more than a year into the state-ordered cleanup effort the extent of the damage remains unclear. Oil was discovered seeping through soggy earth on July 16, 2014, at the oil lease in the 3200 block of Second Street, the western fringes of Odessa ...

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Repairs done, Union Pacific reopens Texas line after floods

CORSICANA, Texas — Repairs have been completed on some washed-out tracks in North Texas blamed for a weekend derailment that sent two locomotives into floodwaters. A Union Pacific spokesman says the line about 4 miles north of Corsicana reopened at 7:45 a.m. CDT Wednesday. Spokesman Jeff DeGraff (duh-GRAF’) says work will continue to finish the cleanup and clear out equipment. ...

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ConocoPhillips’ King leaves for Houston

FARMINGTON, N.M. — Terri King, vice president for ConocoPhillips’ San Juan Business Unit, is transferring to Houston to work as the company’s vice president of the Mid-Continent Business Unit. King took the job Oct. 1, replacing Bill Patterson, who retired after 31 years with ConocoPhillips, according to company spokeswoman Romelia Hinojosa. The company’s Mid-Continent business unit includes assets in the ...

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Chinese companies purchasing Texas oil assets

Chinese national oil companies (NOC) are purchasing west Texas oil assets for $1.3 billion. Shanghai-listed Yantai Xinchao Industry Co. Ltd. said it would buy oil fields in Howard and Borden counties from Nevada-based companies Tall City Exploration and Plymouth Petroleum, according to The Associated Press. Yantai Xinchao signed a letter of intent Friday with Ningbo Dingliang Huitong Equity Investment Center, ...

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Energy plan designed to facilitate comeback

New Mexico’s oil and gas industry may be in the doldrums now, but state and economic development officials are laying the groundwork for a rapid comeback when markets improve. Gov. Susana Martinez released a new energy plan for New Mexico in September that calls for broad infrastructure development in the state’s Permian Basin in the southeast and the San Juan ...

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Volatile times loom for NM’s oil patch

New Mexico’s oil and gas industry is bracing for another round of volatile ups and downs in crude prices that could push the market — and ultimately production in the southeastern part of the state — to its lowest point in more than a decade. The industry has already been battered by steep price declines over the past year that ...

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DOE report finds ‘negative trend’ in WIPP operations

A Department of Energy oversight team found an overall “negative trend” in the operation of a southeast New Mexico nuclear waste repository following two serious accidents, but plant managers say progress has been made since the review concluded. In a memo distributed to employees and obtained by the Journal , DOE’s Office of Enterprise Assessments analyzed operations at the Waste ...

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Welding is bigger in Texas

Texas employs more than 50,000 welders, making it the welding capital of the United States. More than 1 in 10 welders in the U.S. calls Texas their home. Three of the top 10 metropolitan areas in the U.S. for welding careers are located in Texas. Houston is No. 1 with nearly 18,000 jobs. The Lone Star State has a diverse ...

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Consultant: Waterways a huge advantage for Coastal Bend

Eagle Ford Shale’s proximity to the Gulf of Mexico continues to be its biggest advantage over the competing Bakken and Marcellus shale plays, a consultant told Port of Corpus Christi officials Tuesday. Pipeline projects that would move products from North Dakota and the mid-Atlantic states are either being met by political friction or simply taking too long to build, said ...

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