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permian basin News

Permian Basin shale boom raises spectre of global oil glut

The Permian Basin has remained the nation's top producing oil field. However, a lack of crude oil pipelines has slowed growth in the labor market, including other basins such as the Bakken in North Dakota and New Mexico's part of the Delaware Basin.

Pipelines are full - Oil and gas companies turn to trucks, rail

Houston - The U.S. threatens to swamp the world with oil in the next few years. Producers in the Permian Basin are already running into the problem of not having enough pipelines to move their oil and gas to refineries and export terminals on the Gulf coast.

Ground under a West Texas oil patch is moving at an alarming rate

Decades of oil drilling in West Texas have destabilized localities in a 4,000-square-mile area, which is populated by small towns, roadways and a vast network of oil and gas pipelines, and storage tanks.

U.S. shale goes into overdrive as funds pull back from Permian

Production rose again in the Permian Basin in May this year. And while not a surprise, some investors are pulling away from the boom, fearful that shale will become a victim of its own success.

Permian shale oilfield experiencing billion dollar land grab

Houston - Marathon Oil is just the latest in a number of companies, big and small, rushing to snatch up huge amounts of land in the Permian Basin, a massive oil field that runs from Texas to New Mexico.
 

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Active Permian Basin pumpjack east of Andrews  Texas in 2009.
Active Permian Basin pumpjack east of Andrews, Texas in 2009.
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