• October 17, 2019

Odessa American: Oil Gas

Oil Gas

Area oil business rapidly changing

Hastings Equity Partners in Houston and the University of Houston have combined to research new pipelines coming into the Permian Basin, figuring out where all the oil would be going, who would be using the oil on the other side and what bottlenecks would occur when the lines were in place.

Sunday 07/07/2019
Many pipelines becoming active soon
Posted: July 07, 2019

Plains All Americans’ Cactus II oil pipeline will be beginning its line fill this week, one of several pipelines expected to become operational by the end of 2019.

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Tuesday 07/02/2019
Conference talking Permian Basin water
Posted: July 02, 2019

Water is fundamental in the Permian Basin — not just for drinking, but for its use here in the oil and gas industry, and the challenges that water brings along will be discussed at a conference next month.

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Friday 05/31/2019
Company finding Permian Basin methane leaks
Posted: May 31, 2019

With the hundreds of natural gas rigs now located in the Permian Basin, it can be hard to find every leak in the oilfield — which is why one company is now doing a full aerial scan in an attempt to do so.

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Wednesday 05/01/2019
Study shows drop in methane emission intensity
Posted: May 01, 2019

A new analysis by the New Mexico Oil & Gas Association shows a sharp drop in methane emission intensity in the Permian Basin during the last several years, despite a sharp increase in oil and gas production in the region.

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Sunday 04/28/2019
Forced pooling stumps oil business
Posted: April 28, 2019

Call it joint pooling, interest pooling, compulsory pooling, involuntary pooling or forced pooling, the prospect of making oil royalty owners combine their interests to facilitate drilling is an issue bubbling just underground that will inevitably gain momentum, sources predict.

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Friday 03/01/2019
Emerson opens service, training center in Odessa
Posted: March 01, 2019

Emerson President Mike Train said he believes the Permian Basin has the ability to be the epicenter for oilfield innovation.

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Friday 02/08/2019
Pollution report names several local companies
Posted: February 08, 2019

The Environment Texas Research and Policy Center released a report recently showing Texas industrial facilities released more than 63 million pounds of unauthorized air pollution in 2017, and the Permian Basin is responsible for more than half of that.

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Thursday 01/24/2019
Report: Permian Basin oil producers flaring more natural gas than reported
Posted: January 24, 2019

An analysis of government satellite data by the Environmental Defense Fund shows that the amount of natural gas that energy companies burned off in 2017 is twice as high as what they reported to state regulators.

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Sunday 12/09/2018
REXtac introduces multi-million dollar pilot plant
Posted: December 09, 2018

Nick Fowler isn’t answering to share holders or watching quarterly earnings.

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Sunday 12/02/2018
BUILDING PERMITS: Nov. 11 – Nov. 24, 2018
Posted: December 02, 2018

Building Permits is a listing of new residential, residential additions and alterations, commercial additions and alterations, commercial change of use and total values of construction projects in Odessa.

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Sunday 10/14/2018
Odessa-owned companies join the show
Posted: October 14, 2018

The Permian Basin International Oil Show is back and, fresh off the heels of a recent boom, is showcasing a sold out convention center packed with gas and oil companies from around the world.

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Monday 07/24/2017
Another frac sand mine announced
Posted: July 24, 2017

Ohio-based Fairmount Santrol announced plans Monday to build a frac sand mine in Winkler County capable of producing about 3 million tons of sand per year, joining at least a dozen other companies in the race to build sand plants along the dunes stretching north of Kermit south toward Crane.

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Tuesday 05/30/2017
Landgraf touts Texas Fuels bill
Posted: May 30, 2017

State Rep. Brooks Landgraf touted passage of a bill passed late Sunday that will create state grants for governmental entities purchasing vehicles that use natural gas, a program the Odessa lawmaker says will help create jobs in the Permian Basin.

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Tuesday 11/01/2016
Hospital retirees decry insurance cuts
Posted: November 01, 2016

Anxious and angry former employees of the Ector County Hospital District blasted the agency’s board Tuesday over a cost-cutting decision last month to cut retiree health benefits.

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Thursday 10/20/2016
Oil show exhibitors pitch new technology
Posted: October 20, 2016

The businessmen at the Royal Guardsman Security booth touted their security device as a way for the oilfield to not just catch a crime but prevent it, saving on asset losses and downtime.

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Tuesday 10/18/2016
Sold-out oil show sets up
Posted: October 18, 2016

Todd Mathias said he attends about four oilfield trade shows a year, and 2016 so far proved to be a rough one. But Mathias, the president of Boerne-based Electrolab, said the Permian Basin International Oil Show seems to stand apart. 

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Sunday 10/16/2016
Permian Basin International Oil Show will go on despite bust
Posted: October 16, 2016

Nobby Grona’s company Nobster’s Hot Shot Service made it through the waiting list for the Permian Basin International Oil Show during the last event in 2014, when the region was still enjoying an oil boom, albeit one about to see a rapid decline. This year, the Odessa businessman says he is planning to exhibit again this week, two years into a bust.

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Sunday 06/26/2016
BUILDING PERMITS: June 13 – June 27, 2016
Posted: June 26, 2016

Building Permits is a listing of new residential, residential additions and alterations, commercial additions and alterations, commercial change of use and total values of construction projects in Odessa.

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Sunday 06/19/2016
BUILDING PERMITS: June 6 – June 10, 2016
Posted: June 19, 2016

Building Permits is a listing of new residential, residential additions and alterations, commercial additions and alterations, commercial change of use and total values of construction projects in Odessa.

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Sunday 06/12/2016
BUILDING PERMITS: May 30 – June 3, 2016
Posted: June 12, 2016

Building Permits is a listing of new residential, residential additions and alterations, commercial additions and alterations, commercial change of use and total values of construction projects in Odessa.

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Sunday 06/05/2016
BUILDING PERMITS: May 23, 2016 – May 27, 2016
Posted: June 05, 2016

Building Permits is a listing of new residential, residential additions and alterations, commercial additions and alterations, commercial change of use and total values of construction projects in Odessa.

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Sunday 05/29/2016
BUILDING PERMITS: May 16 – May 20, 2016
Posted: May 29, 2016

Building Permits is a listing of new residential, residential additions and alterations, commercial additions and alterations, commercial change of use and total values of construction projects in Odessa.

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Sunday 05/22/2016
Financing Texas is crucial to state’s success
Posted: May 22, 2016

Let me give it to you straight: the future prosperity of Texas requires an innovative and forward-looking budgetary process that is not artificially constrained. Although taxpayer resources should be spent efficiently and effectively, adequate governmental functions must be available to sustain economic and social progress.

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BUILDING PERMITS: May 9 - May 13
Posted: May 22, 2016

Building Permits is a listing of new residential, residential additions and alterations, commercial additions and alterations, commercial change of use and total values of construction projects in Odessa.

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Thursday 04/28/2016
Saulsbury Industries launches new facility in La Porte
Posted: April 28, 2016

Saulsbury Industries opened a new office in La Porte on Thursday, a move company officials described as helping the company grow in the Houston Ship Channel and broader Gulf Cost.

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Friday 02/26/2016
Permian Basin idles eight rigs
Posted: February 26, 2016

Permian Basin oil companies dropped another eight drilling rigs during the week ending Friday, according to the latest rig county from Baker Hughes.

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Sunday 02/21/2016
As strapped companies sell assets, others see opportunity
Posted: February 21, 2016

Rows of 18-wheelers, cranes, flatbeds and other oilfield equipment filled a lot off Business 20 on a recent day, assets that organizers at Machinery Auctioneers said came from struggling oil and gas companies who needed quick cash.

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Friday 02/19/2016
Permian Basin drops 7 rigs
Posted: February 19, 2016

Permian Basin oil producers sidelined another seven drilling rigs during the week ending Friday, according to the latest rig count from Baker Hughes.

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Thursday 01/28/2016
Texas House Energy Committee to meet
Posted: January 28, 2016

House Rep. Brooks Landgraf, R-Odessa, will participate in a meeting of the Texas House Energy Resources Committee, of which he is a member, at 11 a.m. Wednesday at the Petroleum Museum in Midland.

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Friday 01/22/2016
Permian Basin drops below 200 rigs
Posted: January 22, 2016

Permian Basin oil companies idled three more rigs during the past week as oil remained below $30 per barrel, leaving a total of fewer than 200 rigs active in the region, according to the Friday count released by Baker Hughes.

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Sunday 01/10/2016
This bust is different
Posted: January 10, 2016

This bust isn’t like the 1980s, despite the obvious pain in Odessa and the broader region among people who lost a job or saw their income slashed.

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Friday 01/08/2016
Permian Basin loses 8 rigs
Posted: January 08, 2016

Permian Basin oil companies dropped eight rigs in the week ending Friday, after weeks of minor gains, as oil prices neared a 12-year-low, according to the Baker Hughes rig count.

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Tuesday 01/05/2016
Permian Basin gains five rigs
Posted: January 05, 2016

Permian Basin oil companies added five rigs in the last week even as oil prices remained below $40 per barrel, according to the latest rig count from Baker Hughes.

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Sunday 11/29/2015
A year after ‘Black Friday’: Oil bust destroyed thousands of local jobs
Posted: November 29, 2015

A year ago, Tre McDonald worked as a company man for Occidental Petroleum — the highest level field position in the oilfield, for the greatest crude producer in the Permian Basin.

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Friday 11/27/2015
Rig count declines by four
Posted: November 27, 2015

Permian Basin oil and gas producers dropped four rigs during the past week, according to the latest rig count from Baker Hughes. The latest drop left 221 rigs active in the region, fewer than half the amount running at this time last year.

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Friday 11/20/2015
112015 Rock the Oilfield
Posted: November 20, 2015

Sylvia Alvarado, right, a Corrections Officer with the Texas Department of Corrections in Lamesa, talks to job seekers Friday at the Rock the Oilfield Job and Resource Event at the Rock the Desert Complex.

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Oil ministry job fair draws hundreds
Posted: November 20, 2015

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.

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Sunday 11/15/2015
Permian producers buck the trend
Posted: November 15, 2015

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.

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Ministry connects workers, jobs
Posted: November 15, 2015

Times were good when First Baptist’s oilfield ministry began last October. It was the Permian Basin International Oil Show, and a group of Christians joined to distribute some 7,000 Bibles tailored specifically to oil men from nearby the event.

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Friday 11/13/2015
Permian Basin drops 3 rigs
Posted: November 13, 2015

Permian Basin producers released three drilling rigs during the past week, reversing gains of the week prior in a continuation of flat drilling activity, according to the latest rig count from Baker Hughes.

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Friday 11/06/2015
Permian Basin gains three rigs
Posted: November 06, 2015

Permian Basin oil producers added drilling rigs during the past week, bucking a national trend as low oil prices continue to weigh on drillers’ ambitions.

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Wednesday 11/04/2015
Ector County Energy Center opens
Posted: November 04, 2015

A roughly 350-megawatt natural gas plant formally opened northwest of Goldsmith on Wednesday, heralded by local governmental officials as a boon to the local tax base, particularly the Ector County Independent School District.

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Sunday 10/25/2015
Oil seepage threatens Monahans Draw
Posted: October 25, 2015

Leaking oil from a lease atop the Monahans Draw raises worry of contamination of the waterway, and more than a year into the state-ordered cleanup effort the extent of the damage remains unclear.

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Saulsbury Industries still plans to grow in Odessa
Posted: October 25, 2015

Saulsbury Industries executives expect to hire fewer employees locally than the 200 they projected at this time last year as they re-evaluate plans during the ongoing oil and gas downturn.

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Saturday 10/24/2015
Permian Basin drops four rigs
Posted: October 24, 2015

Active oil and gas rigs in the Permian Basin dropped by four during the past week, according to the rig count released Friday by Baker Hughes.

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Sunday 10/18/2015
Company owner talks survival
Posted: October 18, 2015

Wayne “Butch” Gilliam sees the desperation on the West Texas Investors Club, the TV show airing on Tuesdays since August. But, of course, it’s an intentional part of the production that pairs oddball businessmen pitching their gizmos to rich, beer-swilling, hardscrabble West Texans in hopes of landing an investment.

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Friday 10/09/2015
House OKs lifting export ban
Posted: October 09, 2015

WASHINGTON Defying a White House veto threat, the Republican-controlled House on Friday approved a bill to lift a 40-year-old U.S. ban on crude oil exports. Supporters argued that an ongoing boom in oil and gas drilling has made the 1970s-era restrictions obsolete.

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Saturday 08/15/2015
Permian Basin Drilling Report: Week of Aug. 6-12, 2015
Posted: August 15, 2015

Permit applications approved by the Texas Railroad Commission for Aug. 6 through Aug. 12 for Districts 7C, 8 and 8A. Numbers in parentheses indicate the number of permits approved for that leasehold.

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Saturday 08/01/2015
Permian Basin Drilling Report: Week of July 23-29, 2015
Posted: August 01, 2015

Permit applications approved by the Texas Railroad Commission for July 23 through July 29 for Districts 7C, 8 and 8A. Numbers in parentheses indicate the number of permits approved for that leasehold.

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Sunday 07/26/2015
Drilling picks up in Basin
Posted: July 26, 2015

Six months ago, 24-year-old Matt Soto stared at a white board and worried how long he would keep his job at Schlumberger.

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DAILY OIL PRICE: October 11

  • Crude Oil: 54.70 (+1.15).
  • Nymex MTD AVG:  53.2892.
  • Natural Gas: 2.214   (-0.004).
  • Gasoline: 1.6388   (+0.0155).
  • Spreads: November/December   (-.08)   December/January   (+.06).
  • Plains WTI Posting: 51.25   (+1.25)
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