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. The Texas Tribune · Aug 7, 2024
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. Capital & Main · Jul 17, 2024
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. The Texas Tribune · Jul 2, 2024
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. Barchart · Jun 27, 2024
1 Top Energy Stock to Profit from Shale Industry Consolidation Merger and acquisition activity in the U.S. oil and gas sector has surged to almost $200 billion in the past year. Not surprisingly, the country’s richest shale area - the Permian Basin - has been the focus of much of the activity over the past five years - and with… Barchart · Jun 5, 2024
As the EV market cools, the oil industry scorches with $250 billion in high-stakes deals and mass consolidation—'the bigger the company is, the more money they make' What’s causing the industry’s merger surge? “The Permian Basin, the Permian Basin, and the Permian Basin,” says one CEO. Fortune · May 29, 2024
U.S. oil and gas production is booming. So are the industry’s donations to its GOP allies The biggest recipient of campaign donations from the industry isn’t Donald Trump or President Joe Biden, it’s a Texas House member who represents part of the Permian Basin. The Texas Tribune · May 7, 2024
“Nobody really knows what you’re supposed to do”: Leaking, exploding abandoned wells wreak havoc in West Texas The Texas Railroad Commission is tasked with plugging wells. But the state regulators say their scope is limited. The Texas Tribune · Feb 29, 2024
Railroad Commission approves oilfield waste ponds next to Baptist camp in Permian Basin Martin Water is building an oil and gas waste recycling facility next to the Circle 6 Baptist Camp in the Permian Basin despite concerns about water and air pollution. The Texas Tribune · Feb 26, 2024
2 Small-Cap Energy Stocks with More Than 30% Upside Potential, According to Wall Street With a series of blockbuster deals in the Permian Basin still shaking up the energy sector, here are 2 small-cap stocks analysts think have significant upside potential. Barchart · Feb 20, 2024
Driving in West Texas is deadly dangerous. A new report measures how much. A nonprofit commissioned the report that found severe and fatal vehicle crashes in the Permian Basin far outpaced the state. The Texas Tribune · Feb 15, 2024
Consolidation in Permian Basin continues as Diamondback acquires Endeavor Energy Learn about the latest mergers and acquisitions in the Permian Basin, with a focus on potential companies that could be acquired in the future. Top News · Feb 14, 2024
Oil and Gas Wastewater Spills Pollute the Lone Star State Pollution from energy sector spills impacts soil, contaminates water resources and kills wildlife while the state resists new regulations. Texas Observer · Dec 18, 2023
Tim Dunn, the powerhouse GOP donor, to sell his West Texas oil company for $12 billion Tim Dunn has used his wealth to establish a network of organizations that push his ultraconservative views across Texas. The deal comes amid a time of consolidation in the Permian Basin. The Texas Tribune · Dec 11, 2023
Barchart · Nov 22, 2023 1 High-Yield Energy Dividend Stock to Own for 2024 For energy investors seeking out steady dividend income and exposure to the oil-producing gusher that is the Permian Basin, here's a top-rated stock pick to consider right now.
The Texas Tribune · Nov 21, 2023 An effort to prepare West Texas students to work in the oil and gas industry is expanding The expansion, which will start with a smaller pilot in four high schools between Texas and New Mexico, is being paid for by the Permian Strategic Partnership, a group funded by major energy producers.
The Texas Tribune · Nov 14, 2023 Midland fights disposal of oilfield wastewater near its drinking supply As oil and gas companies struggle to dispose of their wastewater in the Permian Basin, the city of Midland is challenging applications for disposal wells near one of its drinking water sources.
The Texas Tribune · Nov 2, 2023 In a hot oil and gas economy, a West Texas welder charts his own course one cup of coffee at a time Fabian Maldonado has supported his Odessa family for years on his welding salary. Wanting more, he’s gambling that a mobile coffee trailer can withstand the booms and busts of the industry.
Barchart · Oct 10, 2023 This Permian Basin Energy Stock Could Be the Next Big Oil Takeover Target Large oil companies in the U.S. are making barrels of cash, and Exxon's bid to buy Pioneer could set off a flurry of similar acquisitions in the Permian Basin.
The Texas Tribune · Oct 10, 2023 As West Texas’ population grows, the need for more mental health care does too Like many regions in Texas, the county jails and hospitals have been at capacity with people needing mental health help. Local leaders hope a new 200-bed facility will alleviate pressure.
Capital & Main · Sep 27, 2023 Natural Gas Recapturing Process Promises Waste Reduction — but Questions Linger Meanwhile, report after report shows greenhouse gas emissions are on the rise in New Mexico.
The Texas Tribune · Sep 25, 2023 Texas leads the nation in oil production. What about industry-related deaths? An industry leader in the Permian Basin said the new report proves safety regulations are helping. Other observers say more data is needed to understand risks of extraction.
Barchart · Sep 17, 2023 3 Top Energy Stocks to Buy on Rising Oil Prices With crude futures closing last week at a new year-to-date high, here's a spotlight on three high-quality stocks from the energy sector that are poised to benefit from higher commodity prices.
The Texas Tribune · Sep 7, 2023 Odessa — known for oil and football — hopes a new multisport complex will draw tourists, renew pride Leaders in the Permian Basin have been averse to major investment projects because of the boom and bust cycle of the oil business. They hope this project helps shift that thinking.
The Texas Tribune · Aug 17, 2023 Texas’ environmental agency enables companies to increase oilfield wastewater disposal in rivers Researchers are still studying the chemical makeup of “produced water” from Permian Basin oil fields. But regulators say they’re ready to issue permits to discharge the water into rivers and creeks.