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The Latest Breaking News from the Permian Basin

Nat-Gas Prices Settle Lower on Higher US Output and Smaller Exports

August Nymex natural gas (NGQ26 ) on Monday closed down -0.043 (-1.46%). Nat-gas prices tumbled to a 2-month low on Monday and settled sharply lower. Signs of stronger US nat-gas output and smaller exports are weighing on prices. Nat-gas production in the Permian Basin rose to more than 23 bcf...

Barchart

Texas Has a Water Shortage and a Water Glut. They’re the Same Problem.

Every day the Permian Basin brings up more water than nearby communities use, and treats most of it as waste. The state can no longer afford to do so.

Texas Observer

In the Permian Basin, AI takes on big oil’s dirty water problem

Facing limited options, oil industry turns to AI to handle wastewater from oil production. Producers discovered other uses to streamline the process.

The Texas Tribune

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Invisible plumes and ‘terrible pollution’: the reality of the US gas sites rated ‘grade A’

Exclusive: Guardian investigation into reliability of methane certification issued by MiQ reveals weakness of voluntary model

The Guardian - UK

Natural gas prices in Texas plunge deep into negative territory and producers are burning it off, while the rest of the world braces for shortages

Over the past week, spot prices at the Waha gas trading hub in the Permian Basin fell as low as -$9.75 per million British thermal units.

Fortune

New Mexico Again Debates Greenhouse Gas Reductions as Snow Melts

Lawmakers table bill to expand use of oilfield wastewater and shoot down another that would restrict drone use around “critical” infrastructure.

Capital & Main

Trump says the U.S. will fix Venezuela’s oil industry. Texas experts say the idea faces hurdles.

Texas-based oil companies have largely been silent on Trump’s assertion that they would help to rebuild Venezuela’s oil infrastructure.

The Texas Tribune

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Occidental Petroleum: Unpacking Its Onshore Oil & Gas Strength

Occidental Petroleum's largest business segment is its onshore oil & gas production with nearly 2.7 million acres in the Permian Basin, here's what's coming.

MarketBeat

$Coca-Cola and Unilever among dozens of plastic brands tied to Texas fracking, investigation reveals$

Coca-Cola and Unilever among dozens of plastic brands tied to Texas fracking, investigation reveals

More than 25 major consumer brands and petrochemicals have been traced to fracking in the Permian Basin, one of the world’s ‘carbon bombs’.

Euronews

West Texas lawmakers push bills to divert some oil and gas taxes to help oil-producing counties with roads, other needs

Reps. Tom Craddick and Brooks Landgraf want to divert 10% of taxes collected on oil and gas production to help budget-strapped counties keep up with growth.

The Texas Tribune

The Massive Energy Requirements of Treating Texas’ Oilfield Wastewater

One company wants small nuclear reactors to power the energy-intensive process of purifying vast volumes of toxic “produced water” for use in agriculture and industry.

Texas Observer

An abandoned West Texas oil well has created a 200-foot-wide sinkhole

The rapidly-growing sinkhole in Upton County is the latest of many problems caused by old wells in the Permian Basin.

The Texas Tribune

In Odessa, multiple efforts are underway to help immigrants stay and work

A naturalized citizen, along with other business leaders, are working to create new resources for undocumented people living in the Permian Basin.

The Texas Tribune

Project 2025 adviser takes the reins at EPA region including Texas

Scott Mason IV, a former deputy energy secretary for Oklahoma and member of the Cherokee nation, is the new administrator for the region that covers Texas and four neighboring states.

The Texas Tribune

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The Texas Tribune

Recycled oilfield water could aid drought-stricken West Texas

Oilfield wastewater injected underground is causing earthquakes and blowouts. Now, pilot projects are exploring whether this water could be treated and used to grow crops.

MarketBeat

Texas Pacific Land: Permian Basin Powerhouse With an AI Edge

Texas Pacific Land’s stock offers a unique investment in the energy and technology sectors.

Capital & Main

The EPA Stalled and Then a Fix for New Mexico Oil and Gas Pollution Evaporated

Trump election likely marks the end of a federal response to worsening air pollution in the Permian Basin.

Capital & Main

Drill, Baby, Drill? Former Big Oil Exec Says That’s Exactly What the Industry Doesn’t Need.

Former ConocoPhillips economist Marianne Kah on the election: Whether it's Harris or Trump, the outcome likely won't affect oil production.

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Barchart

Grab This Warren Buffett Dividend Stock While It's Cheap

Warren Buffett has taken a significant stake in Occidental Petroleum (OXY), a dividend-paying energy stock trading at a discount, with attractive valuation metrics and a steady dividend yield. OXY's strategic moves, debt reduction efforts, and expansion in the Permian Basin make it a potentially lucrative investment opportunity.

Capital & Main

As New Mexico Shakes, State Cancels Dozens of Planned Wastewater Injection Sites

Study uncovers thousands of undocumented quakes, underscoring the link between injection sites and seismic activity.

Capital & Main

In This Tiny New Mexico Town, the Air Quality Is Worse Than in Downtown L.A.

The data is clear: The village of Loving in the Permian Basin has been hit hard by waves of pollutants from Big Oil, yet the EPA hasn't acted to force a cleanup.

The Texas Tribune

Ranchers reported abandoned oil wells spewing wastewater. A new study blames fracking.

An SMU study is the first scientific proof of a phenomenon local landowners have long warned was occurring.

Capital & Main

New Mexico Has Some of the Nation’s Toughest Oil and Gas Regulations. Enforcing Them Is Another Matter.

With the EPA hamstrung by the Supreme Court and shaky state funding, New Mexico could face a future with reduced protections.

The Texas Tribune

Truckers hope protest over unpaid hours and lack of restrooms will spark a Permian Basin labor movement

Truckers say they can wait up to 18 hours without pay to load or unload fracking sand. The drilling sites often lack restrooms.

Barchart

Diamondback Energy Stock: Is FANG Outperforming the Energy Sector?

Diamondback Energy recently outperformed the broader energy sector, and analysts seem confident about the stock’s potential, citing its solid position in the Permian basin and pending acquisition.

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