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Tag Archives: Permian Basin

Commentary…. Report: Study shows oil and gas industry makes impact at tax rolls

pump jack

Stewart Doreen | Midland Reporter-Telegram The amount of tax revenue the Permian Basin oil and gas industry pays to local and state government continues to climb as indicated in a Texas Tech University report unveiled last week. While the report — “Economic Impact of the Permian Basin’s Oil and Gas Industry” — is eye-opening with total economic impact figures reaching $137 ...

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The Permian is now home to a new solar site

Zachary Toliver | Shale Plays Media On top of the Permian Basin resides another energy resource in addition to petroleum. As of this past Thursday, one of the biggest solar plants in the state came online in Pecos County, West Texas. The Texas Tribune reports that First Solar, based in Arizona, announced it had completed the first phase of its ...

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Developer, oil company fight over H2S lines

Corey Paul | Odessa American  A real estate developer and Devon Energy continue to fight about whose responsibility it is to bury flow lines carrying poisonous Hydrogen Sulfide gas on a south Odessa plot of land, more than a month after a temporary order by Ector County judge that had prevented work near the lines expired. But in the meantime, ...

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Company buys Nabors fracking unit

Corey Paul | Odessa American A Houston-based oilfield services company is absorbing the completion and production arm of Nabors Industries in a $2.86 billion cash and stock deal expected to create another giant hydraulic fracturing provider at a time when demand soars for such services in places like the Permian Basin. The Houston-based company, C&J Energy Services, already operates in the ...

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Tech: Permian Basin oil impact more than $137 billion

money vortex

Stewart Doreen | Midland Reporter-Telegram Editor’s Note: This is the first in a series looking at the “Economic Impact of the Permian Basin Oil and Gas Industry,” a study released Thursday by Texas Tech University and the Permian Basin Petroleum Association. LUBBOCK — It’s not a secret that the oil and gas industry has an impact on Midland County and the ...

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Occidental unveils plan to grow Permian Basin assets

Mella McEwen | Midland Reporter-Telegram Occidental Petroleum this week held a groundbreaking ceremony for its 212,000 square foot Midland Office Complex, now under construction at 6001 Deauville as the first building in the Energy Plaza at Westridge Park. The event was attended by Texas Gov. Rick Perry and Occidental Petroleum’s Chairman and Chief Executive Officer Stephen Chazen. Chazen said the company’s ...

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Pakistan ambassador seeks Basin’s assistance in developing shale resources

Mella McEwen | Midland Reporter-Telegram Permian Basin operators’ success in applying new technology to oil fields that have been producing for over 90 years has drawn global attention. “The latest and greatest technology, horizontal drilling, new fracturing, is attracting people from all over the world,” said Midlander S. Javaid Anwar, president and CEO of Midland Energy Inc. and Petroplex Energy Inc. ...

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Oil companies target brackish water

Corey Paul | Odessa American  Midland-based STW Resources recently reached a deal with Upton County ranch-owners to process about 30,000 barrels of brackish water daily and sell it oil to companies for drilling and hydraulic fracturing operations. The water reclamation company will use “hybrid reverse osmosis” technology that CEO Stanley Weiner described as a more intensive version of the process ...

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