News
Competition for oil services ramping up in Permian; ‘It’s déjà vu,’ says Parsley CEO
Bryan Sheffield isn’t worried about a land-price bubble in West Texas’s booming Permian Basin oil field. Sheffield, chief executive of Austin-based Parsley Energy, just spent $2.8 billion on Permian land held by Fort Worth’s Double...
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Railroad Commission fines company for disposing of contaminated water without a permit
The Railroad Commission of Texas fined an oil and gas wastewater management company for disposing of contaminated water without a permit, and releasing toxic chemicals in fresh water on a piece of property in West...
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NAPE attendance up; Industry recovery ‘aggressive’, speaker says
NAPE, the nation’s premier conference for buying and selling oil and gas land, opened Wednesday at the downtown convention center with a rebound in attendance and renewed hope in the oil field. After a rough...
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Without Clean Power Plan, coal use could rise again
The U.S. Department of Energy expects coal to regain its spot as the nation’s main energy source if the Clean Power Plan is not implemented, which would reverse a trend of natural gas dominance driven...
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Crude oil inventories surge again
The nation’s crude stockpiles jumped again — this time by 9.5 million barrels — as the U.S.’s glut of oil supplies continues to grow. The nearly 1 percent jump in oil inventories follows an even...
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