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Early-morning pipeline explosion lights up South Texas sky

February 15, 2017

REFUGIO (AP) — A natural gas pipeline has exploded in South Texas, in a fiery display that lit up the sky and could be seen for miles.

Texas Department of Public Safety Sgt. Nathan Brandley says the explosion occurred early Wednesday near Refugio (ray-FYOO’-ee-oh), a rural community north of Corpus Christi, about 15 miles from the Texas Coast.…

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As oil recovers, U.S. firms descend on the Permian Basin in West Texas

February 2, 2017

ODESSA (Reuters) — In most U.S. shale oil regions, energy firms are making strategic but cautious bets as the price of oil holds above $50 a barrel.

Here in the Permian Basin of West Texas, the largest U.S. oil patch, the industry poured more than $28 billion into land acquisitions last year – more than triple what they spent in 2015.…

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Hess Corp. Reports Loss in 4Q of 2016

January 31, 2017

NEW YORK — One of Seminole and Gaines County’s largest employers reported to company investors and Wall Street that the 2017 calendar year will be a year of transformation.

The news comes as the petroleum company reported a loss in their fourth quarter earnings for the final reporting period of the 2016 calendar year.…

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Noble Energy to Buy Clayton Williams Energy for $2.7B

January 18, 2017

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Exxon Mobil Makes Major Purchase of West Texas, SE New Mexico Oil Acreage

January 18, 2017

Exxon Mobil Corp. has joined the drilling frenzy in West Texas with a $6.6 billion deal to snap up enough land there to pump oil for two decades.

The U.S. oil giant said Tuesday that it acquired several private companies and 275,000 acres in the Permian Basin controlled by Fort Worth’s Bass family, which includes some of the most storied Texas oil billionaires and investors.…

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Texas leases more land, but gets lower prices amid oil slump

January 18, 2017

AUSTIN (AP) — The demand to lease Texas’ publicly held land for energy exploration has increased since last summer, despite low oil prices — but it generated lower average prices.

Land Commissioner George P. Bush announced Tuesday that his office had auctioned leases for about 14,000 acres.

That yielded around $84 million, or an average of less than $5,900 per acre, for the Permanent School Fund, which helps cover some public education costs.…

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Army plans Dakota Access oil pipeline environmental study

January 18, 2017

BISMARCK, N.D. (AP) — The Army says it’s planning to study the potential environmental impact of routing the $3.8 billion Dakota Access pipeline under the Missouri River in North Dakota, although a judge could stall the study.

The Army published a notice in the Federal Register Wednesday of its intent to prepare an environmental impact statement on the Lake Oahe crossing.…

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Railroad Commission of Texas Streamlines Oil, Gas Well Reporting

January 12, 2017

Process Makes Well Log Information More Accessible to Public

AUSTIN – As part of the Railroad Commission of Texas’ commitment to increasing efficiency and transparency through the modernization of its Information Technology systems, oil and gas producers can now file well log data electronically. Because the Commission now has the technology to accept well log information electronically, operators will no longer be required to print this information and submit paper logs.…

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SE New Mexico Continues to Lead Permian Basin in Oil Production

January 4, 2017

HOBBS, N.M. (AP) — The latest data from two state agencies shows that a pair of New Mexico counties continues to lead others in the Permian Basin in oil and gas production.

Data from Texas and New Mexico state agencies show Lea County leads the Permian Basin in oil while Eddy County tops in natural gas, the Hobbs News-Sun reports (https://goo.gl/qY4s7b).…

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Activists to open oil drilling protest camp near Balmorhea

December 29, 2016

TOYAHVALE (AP) — Another protest camp looks to open in West Texas, making at least two in the high desert south of Midland, the state’s oil-and-gas capital.

Activists began working three weeks ago on the first, near Alpine, to protest Dallas-based Energy Transfer Partners’ Trans-Pecos gas pipeline, which will run from the busy Permian Basin to Mexico.…

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