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Tag Archives: Permian Basin

New pipeline for the Permian Basin in the works

pipeline

By: John Bestoloffe , Shale Plays Media On Tuesday, Frontier Midstream Solutions, LLC announced plans for 400 miles of new pipeline for Southeastern New Mexico and West Texas. The crude transportation pipeline system is to include multiple truck racks and over 300,000 barrels of potential storage in the northern Delaware Basin. In addition, the new pipeline is estimated to have the ...

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Expert upbeat about oil gains

oil pump

Michael Kelly for San Angelo Standard-Times, Texas SAN ANGELO, Texas — The area on the eastern perimeter of the Permian Basin in 2012 saw $14.5 billion per year in economic output from the oil extraction industry. Through the next eight years, that activity is expected to increase by another 50 percent, according to a new report presented to the San ...

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New Mexico oil country struggles as cities boom

New Mexico

By JERI CLAUSING, Associated Press he oil field trucks and big rigs rumble through morning and night, creating a first-ever rush hour in this otherwise sleepy 1960s-era tourist and mining town. Hotel rooms along the clogged two-lane highway are mostly booked, some of them fetching nightly rates that rival those in Manhattan. Businesses desperate for workers will hire anyone who ...

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Texas Railroad Commission: Oil production reaches record output

jax

Tyler Morning Telegraph, Texas The Texas Railroad Commission said oil production reached a record 2 million barrels a day statewide in February, a production level not seen in Texas since 1986. Preliminary production numbers indicate statewide oil production was 2,002,070 barrels a day, which includes Permian Basin production of more than 1 million barrels a day, Commissioner Christi Craddick said.. ...

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Chevron’s latest agitation comes from the cloth

praying

Zachary Toliver | Shale Plays Media A collective of God’s soldiers are the latest activists to challenge the hydraulic fracturing operations of Chevron. Nuns from the Sisters of St. Francis of Philadelphia are asking shareholders of Chevron Corporation to vote on a proxy proposal at Chevron’s Annual stockholders meeting in Midland, Texas at the end of May. This is the ...

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Putting a number on oil population is hard

oil workers

New census data shows a wave of people moving into oil-producing areas across the country, including the Permian Basin in West Texas and the Eagle Ford Shale in South Texas. Exactly how many people are working and living in — or simply passing through — South and West Texas these days? That’s anyone’s guess. “At the best of times, when ...

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Lario Oil & Gas gets $600 million credit

oil rig

DENVER (AP) — Lario Oil & Gas says a $600 million credit facility it has negotiated with Wells Fargo and others gives it flexibility as it expands in regions where hydraulic fracking has created an oil boom. In a statement released Monday by its Denver office, Lario said Wells Fargo and JP Morgan were the joint lead arrangers of the facility, ...

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