Latest News
New OPEC deal greeted with hope, wait-and-see approach in Permian Basin
By John Suayan | Apr 17, 2020
Texas’s oil and gas sector has been through a slump for more than a year, with the novel coronavirus exacerbating the downturn.
ENCANA: Ovintiv Restructures Crude Oil Derivatives to Provide Additional Downside Protection; Company Now Plans to Reduce Second Quarter 2020 Investments by $500 Million
By Press release submission | Apr 8, 2020
Ovintiv Inc. restructured its crude oil derivatives positions to provide additional downside protection for the balance of 2020.
DIAMONDBACK ENERGY: DiamondBack Energy, Inc. Provides Revised 2020 Guidance and Updated Hedge Positions
By Press release submission | Apr 8, 2020
Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the "Company") provided revised full year 2020 guidance and updated hedge positions.
Opal's Table serving first responders in time of need
By Rich Peters | Apr 5, 2020
A local business is offering up free meals to the first responders who have worked the front lines in effort to combat the COVID-19 virus.
Odessa oilman candid in recent op-ed highlighting Saudi presence in Texas
By Rich Peters | Mar 28, 2020
Odessa resident Kirk Edwards recently penned an op-ed regarding the current oil price war between Saudi Arabia and Russia that has led to crashing prices in wake of the coronavirus pandemic. Edwards linked the Saudis to his home state of Texas in his candid column.
Midland Health releases Basin MD app for tele-doc appointments
By Rich Peters | Mar 27, 2020
Social distancing has led to Midland Health releasing a new app called Basin MD that allows you to stay in touch with your doctor via phone, laptop and tablet.
Study: Coronavirus recession would hit Midland hardest
By Michael Pineda | Mar 26, 2020
A coronavirus recession would hit Midland harder than any other metro area in the United States, according to a Brookings Institution study.
BIG D EQUIPMENT CO: Oil Rides US Risk Rally But Global Glut Worries Linger
By Press release submission | Mar 26, 2020
Oil was swept up with other risk assets on optimism over a US stimulus package to shore up the economy.
PARSLEY ENERGY: Parsley Energy Provides Supplementary Update On 2020 Development Plans
By Press release submission | Mar 26, 2020
Parsley Energy, Inc. (NYSE: PE) ("Parsley," "Parsley Energy," or the "Company") provided a supplementary update on its 2020 development program that was outlined on March 9, 2020.
Hero Sam Club's employee steps up to save lives
By Michael Pineda | Mar 24, 2020
An employee of the Midland Sam’s Club went above and beyond the call of duty when he wrestled a knife from a 19-year-old man, saving lives in the process on March 14.
Permian Basin oil pipeline completed, crude flowing to Gulf Coast exporters
By John Sammon | Mar 22, 2020
A crude oil pipeline connecting oilfields in the Permian Basin with exporters along the Gulf Coast opened for service last month, shipping oil across Texas and bumping up the nation’s supply.
Decline of oil prices could signal greater trouble for Lone Star State
By Kimberly James | Mar 21, 2020
The rapid descent of crude oil prices stopped Midland's Mayor Patrick Payton in his tracks. The biggest city in the heart of shale oil patch country could use a bit of a slowdown, but this pandemic is more than asked for.
BETTER BUSINESS BUREAU: Business Tips: How to Navigate the Coronavirus Crisis
By Press release submission | Mar 17, 2020
The Better Business Bureau is committed to help business owners manage the current situation of COVID-19, the disease caused by the novel coronavirus, currently disrupting supply chains, customers, and the lives of employees.
Midland oil field layoffs likely after crude prices dive
By Ethen Lieser | Mar 16, 2020
It may be a wonderful time to fill the car or truck up with gas, but it's a perilous time for Midland's hardworking oil workers.
PARSLEY ENERGY: Parsley Energy Provides Supplementary Update On 2020 And 2021 Hedge Program
By Press release submission | Mar 14, 2020
Provided an update to its oil hedge position for 2020 and 2021. Parsley's baseline capital budget assumes $30-$35 WTI oil price for the remainder of 2020.
BIG D EQUIPMENT CO: Texas Shale Heartland Rattled by Virus and Price War
By Press release submission | Mar 14, 2020
Just last week, when crude oil prices fell to $46 a barrel, the mayor of the biggest city in the world’s largest shale oil patch seemed oddly calm, almost relieved.
ENCANA: Ovintiv Takes Immediate and Significant Action; Reduces Second Quarter 2020 Capital Investments by $300 Million; Full-Year Cash Costs to Drop by $100 Million
By Press release submission | Mar 14, 2020
Announced plans to immediately reduce second quarter 2020 capital investments by $300 million and full year cash costs by $100 million.
ROSELAND OIL & GAS: Oil Set for Worst Week Since 2008
By Press release submission | Mar 14, 2020
Oil is on track for its biggest weekly decline since 2008 as the coronavirus pandemic wreaks havoc on fuel demand and threatens global economic stability.
STEP ENERGY SERVICES: STEP Energy Services Ltd. Reports Fourth Quarter and Year End 2019 Results
By Press release submission | Mar 14, 2020
STEP Energy Services Ltd. (the “Company” or “STEP”) is pleased to announce its financial and operating results for the three and twelve months ended December 31, 2019.
2 Permian Basin operators slowing down operations
By Ethen Lieser | Mar 13, 2020
Two oil companies that are focused on the Permian Basin of West Texas have already planned to slow down their respective operations because of an oil war pitting Russia against Saudi Arabia.