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Tag Archives: Midland TX

New Mexico reviews water injection wells for damages

Injection well used to dispose of oil field wastewater. (Image: Faces of Fracking via Flickr)

SANTA FE, N.M. (AP) — New Mexico’s state land commissioner is ordering a broad examination of easements for injection wells used by the oil and natural gas industry to dispose of waste saltwater, in response to environmental damage at a site in the southeast of the state. State regulators blame Midland, Texas-based Siana Operating for spills of oily water at ...

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Oil ministry job fair draws hundreds

More than 500 job seekers turned to the Rock the Oilfield Job and Resource Event in Midland on Friday, an event organized by local Christian groups in hopes of offering relief to workers displaced by the oil bust. Attendees offered accounts of the human toll wrought by the economic downturn driven by the region’s premier industry. One couple, Kurt and ...

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Permian producers buck the trend

The oil price crash walloped large independent oil companies during the past year, which on average lost a third of their value, according to RBC Richardson Barr, a Houston-based energy advisory firm. But some companies buck that trend and they share a common trait — they focus on the Permian Basin, where they lay claim to prized sweet spots, and ...

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Rents dropping with downturn

Rent for a one-bedroom apartment in Odessa cost about 15 percent cost less in August than during the same month of 2014, reflecting a continuing drop amid the oil and gas downturn after years of tight apartment housing and rising costs. In August, an average one-bedroom in Odessa cost $850 per month, while a similar apartment in Midland cost $920, ...

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Downturn brings spike in oilfield crime

The crew from Liberty Fishing and Rental Tools returned to a well near Snyder last week and noticed they’d been hit. The tires had been stolen off a trailer they use to for their work freeing equipment stuck in a wellbore. President and co-owner Monnie Sparkman said the tires would cost about $1,500 to replace — “not that big of ...

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Team acquires Permian packer

Oilfield manufacturing company Team Oil Tools LP announced its acquisition of Permian oil packer Odessa Packer Services Inc. Thrusday. OPS provides downhole tool service throughout the Basin, which fits within Team’s focus of design, manufacture, sale and service of completion components. Team is assisted by Intervale Capital, an oilfield manufacturing and services private equity firm. OPS isn’t Team’s only recent ...

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Inspectorate opens Permian Basin facility

magnifying-glass

A new oil and gas service facility opened in the Midland-Odessa area earlier this week. Inspectorate, a multinational inspection, sampling and testing services group, announced Tuesday that it will now provide services to the Permian Basin including sampling and gauging, terminal inventories, key point crude testing and water-draws. Inspectorate’s team is also trained and equipped to package and ship samples ...

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Drilling picks up in Permian Basin

Six months ago, 24-year-old Matt Soto stared at a white board and worried how long he would keep his job at Schlumberger. Soto escaped layoffs in the past six months and said things now look good from the ground floor. But industry indicators have taken a turn for the worse, bringing up renewed questions about an expected recovery. The overtime ...

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