Home / Shale News / Permian Shale News (page 3)

Permian Shale News

Authorities: 3 train workers in Texas wreck presumed dead

train collision Texas

DALLAS (AP) — Three missing crew members from the two freight trains that collided head-on in the Texas Panhandle are presumed dead, the Texas Department of Public Safety said Wednesday. Emergency personnel at the scene of Tuesday’s collision about 25 miles northeast of Amarillo have moved to a recovery operation, DPS Sgt. Dan Buesing said. Each train had a two-member ...

Read More »

Permian Basin saw major projects in 2015

A drilling rig operating in the Permian Basin near Farmington, New Mexico. (Image courtesy of Encana Corp)

Plummeting oil prices dominated the headlines in 2015, and to be sure, the economic fallout bled into other businesses. But the momentum of the waning boom still brought a number of major businesses as local businesses navigated the downturn. Rapidly growing thoroughfares continued to grow, including major projects. New businesses entered the market or expanded their presence, developments that included ...

Read More »

BP buys Devon Energy’s Blanco unit

A drilling rig operating in the Permian Basin near Farmington, New Mexico. (Image courtesy of Encana Corp)

FARMINGTON — BP has added more San Juan Basin assets to its natural gas portfolio for the first time in seven years. On Dec. 18, BP’s Lower 48 Onshore oil and gas business announced the acquisition of Devon Energy Corp.’s North East Blanco Unit, a collection of 480 natural gas wells across 33,000 gross acres in San Juan and Rio ...

Read More »

2015 year in review: The boom went bust

2015 year in review 2015: The boom went bust

When the New Year arrived, it was clear Odessa would not see another year of an oilfield boom. Instead, locals in the industry wondered just how bad it would get and for how long? As the year ends, those same questions remain. The Organization of Petroleum Exporting Countries agreed on Thanksgiving Day 2014 not to cut production in the face ...

Read More »

Scientists study methane ‘hot spot’ sources

This undated handout image provided by NASA/JPL-Caltech/University of Michigan, shows The Four Corners area, in red, left, is the major U.S. hot spot for methane emissions in this map showing how much emissions varied from average background concentrations from 2003-2009. Dark colors are lower than average; lighter colors are higher.

LYBROOK — As scientists continue their work tracking sources of atmospheric methane in the Four Corners region, the federal government continues to formulate new rules intended to reduce oil and gas industry emissions. The U.S. Environmental Protection Agency — which is proposing new rules to better regulate methane emissions — projects emissions from the oil and gas industry will increase ...

Read More »