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Tag Archives: Permian Basin

Halliburton hiring in West Texas

Halliburton hiring in Permian, An oil and gas drilling rig operating in the Permian Basin near Farmington, New Mexico. (Image courtesy of Encana Corp)

According to FuelFix, Halliburton is set to hire 200 workers in the Permian Basin in West Texas and New Mexico. The Current-Argus reported that Halliburton spokeswoman Emily Mir said in late December there will be job opportunities throughout the Permian, including in Artesia. As the oil industry begins to see a small upswing, local businesses are crossing their fingers that ...

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Oil industry headlines from around Texas

Texas oil, pumpjack

From budget cuts to oil spills, here is the news from the Texas oil and gas industry this week. Oil spill photos are finally visible to the public Photos taken by the Civil Air Patrol of flood-related oil spills are now available to the public online, rather than requiring a login and password for the University of Texas website. The ...

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Oklahoma company withdraws New Mexico drilling request

An oil and gas drilling rig operating in the San Juan Basin near Farmington, New Mexico. (Image courtesy of Encana Corp)

RIO RANCHO, N.M. (AP) — An Oklahoma-based oil company has pulled its application to drill an exploratory well just west of one of New Mexico’s fastest growing cities. SandRidge Exploration and Production LLC sent a letter to the Sandoval County Planning and Zoning Department on Tuesday saying it was withdrawing its request. The company did not offer an explanation but ...

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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 ...

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2015 was a roller coaster ride for energy

It has been a rough-and-tumble ride for the oil and gas industry in 2015 as prices have continued to search for their “bottom” all year. Even as the New Year looms, prices are sitting around $37 a barrel, their lowest spot since the Great Recession of 2009, according to the DailyFX Market News and Analysis website. Oversupply has wracked oil ...

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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 ...

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First responder training program planned for region

In the next month, Dr. Dinesh Vyas of Texas Tech University Health Sciences Center of the Permian Basin plans to start a trainer-trainee program so people can help reduce mortality rates in remote work areas or accident scenes. Vyas, who is an associate professor, associate dean surgery research, associate program director at Texas Tech Health Sciences, said he will start ...

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Low oil and gas prices mean a daily struggle

FARMINGTON — This year has not been an easy one for local oil and gas companies and those providing support services. It’s been a year of layoffs and cutbacks without any change predicted for the immediate future. In April, ConocoPhillips announced local layoffs, followed by similar announcements from local yards like Halliburton on Main Street, and, most recently, Baker Hughes ...

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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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