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The Latest Breaking News from the Permian Basin

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

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

“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

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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

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

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

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.

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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

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

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.

Barchart

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

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

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.

The Texas Tribune

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.

Barchart

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The Texas Tribune

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

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

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

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.

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The Texas Tribune

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

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.

The Texas Tribune

How an internship program hopes to end “brain drain” in Texas’ Permian Basin and other rural regions

This is the third year businesses in the Permian Basin — known for high school football and oil fields — have participated in the University of Texas at Austin program. Students this year say they are seeing their hometowns in a new way.

The Texas Tribune

A Texas energy company will pay $1.3 million over pollution in the Permian Basin, EPA says

The EPA last year announced aerial surveillance of “super-emitters.” At least one other company in New Mexico faced a similar fine.

The Texas Tribune

Finding and keeping workers in post-pandemic economy is a struggle for West Texas, local leaders tell Fed

Local leaders told members of the Federal Reserve last week that families are facing financial stresses that make working hard. Educators say they need families more involved at school.

Capital & Main

Despite Rules, New Mexico Oil and Gas Producers Keep Polluting

A tour of the Permian Basin highlights weak enforcement by state and federal agencies.

The Guardian - US

Texas youth organizers take aim at the biggest oil field in the US

Proposed El Paso climate charter seeks to prohibit use of city water for extraction projects including those in Permian Basin

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