Latest News
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.
Abbott, Payton tell Texas Economic Development summit its time to unite to keep economy strong
By Ethen Lieser | Mar 12, 2020
Midland Mayor Patrick Payton last week welcomed the Texas Economic Development Corp.’s Regional Business Summit to his city.
Midland financial advisor says virus scare driving stock market swoon
By Ethen Lieser | Mar 9, 2020
The U.S. stock market continued to sink Monday because of the panic over the Coronavirus with oil prices taking the biggest crash in nearly 30 years.
Midland's new Second Story coworking space a massive success
By Carrie Bradon | Mar 7, 2020
Midland is now home to a coworking space which is attracting all sorts of entrepreneurs from various industries.
Permian Basin companies trying to stay calm amid spreading coronavirus
By Carrie Bradon | Mar 6, 2020
With the spread of coronavirus continuing throughout the world, oil companies are trying to remain calm.
BETTER BUSINESS BUREAU: BBB Tip: Protect Yourself from “Storm Chasers” After a Natural Disaster
By Press release submission | Mar 5, 2020
Natural disasters like wildfires, flooding, storms, tornadoes and hurricanes, often bring out the best in people, as strangers reach out to help others in need.
SCHLUMBERGER: Schlumberger Announces First-Quarter 2020 Results Conference Call
By Press release submission | Mar 5, 2020
Schlumberger Limited (NYSE: SLB) will hold a conference call on April 17, 2020 to discuss the results for the first quarter ending March 31, 2020.
RING ENERGY, INC: Ring Energy, Inc., Schedules Conference Call on Its 2019 Fourth Quarter / Twelve Months Financial and Operating Highlights
By Press release submission | Mar 5, 2020
Ring Energy, Inc. (NYSE American: REI) (“Ring”) (“Company”) has scheduled a conference call on Tuesday, March 17, 2020 at 11:00 a.m. ET to discuss the 2019 fourth quarter / twelve months financial and operating results
ROSELAND OIL & GAS: IEA Sees First Global Oil Demand Drop in a Decade
By Press release submission | Feb 19, 2020
Global oil demand will drop this quarter for the first time in over a decade as the coronavirus batters China’s economy, the International Energy Agency said.
TENARIS: Tenaris and Severstal: One year later
By Press release submission | Feb 19, 2020
Twelve months after the signing of the joint venture agreement between the world’s largest pipe manufacturer and Russia’s leading steel company, the project to build a greenfield welded pipe plant in Surgut, Russia is moving full steam ahead.
Permian Basin: Looser constraints mean more pipelines, capacity
By Pat Morris | Feb 18, 2020
The Permian Basin, also known as the West Texas Basin, is expected to produce about 2.6 million additional barrels of crude per day from now through 2021, according to a summary provided by Alerian, a Dallas-based company that publishes the Alerian MLP (master limited partnership) index, which energy-industry professionals use to analyze performance.
Permian Basin Water in Energy Conference kicks off Tuesday
By Pat Morris | Feb 17, 2020
This year’s annual Permian Basin Water in Energy Conference (PBWIEC), the third, will be held Tuesday through Friday in the Pavillion at the Midland County Horseshoe Arena.
Recent evidence points towards Permian oil companies and fracking to be overcapitalized and unprofitable
By Terry Davis | Feb 17, 2020
Investors and oil company leaders agree: fracking is in trouble.
BIG D EQUIPMENT CO: Oil Posts Biggest Gain Since Early January
By Press release submission | Feb 13, 2020
Signs that the spread of the coronavirus may be slowing boosted investor confidence that crude's sell-off has peaked.
SCHLUMBERGER: The Egyptian Ministry of Petroleum and Schlumberger Introduce the Egypt Upstream Gateway
By Press release submission | Feb 13, 2020
The Egyptian Ministry of Petroleum and Schlumberger introduce the Egypt Upstream Gateway, a unique and innovative national project for digitizing subsurface information and delivering a digital subsurface platform to ensure Egypt's subsurface data is kept evergreen.
CIMAREX: Cimarex Schedules Fourth Quarter 2019 Earnings Release And Conference Call
By Press release submission | Feb 13, 2020
Announced it plans to report fourth quarter 2019 financial results on Wednesday, February 19, 2020, after market close. The company will host its quarterly conference call at 11:00 AM ET on Thursday, February 20, 2020.
STEP ENERGY SERVICES: STEP Energy Services Ltd. Provides a Strategic Business Update, an Update to Its Amended Credit Facilities and Fourth Quarter and Year End 2019 Conference Call Details
By Press release submission | Feb 13, 2020
STEP is pleased to provide an update on 2020 work programs for its Canadian and U.S. operations.
BIG D EQUIPMENT CO: Crude Oil Up Despite US Inventory Rise
By Press release submission | Feb 13, 2020
Oil held above $51 a barrel as investors shrugged off a government report showing U.S. crude stockpiles rose for the third straight week.
LEGACY RESERVES: Financial Restructuring Completed
By Press release submission | Dec 13, 2019
Legacy Reserves Inc. ("Legacy") and certain of its subsidiaries (collectively, the "Company") announced today that it has emerged from chapter 11, successfully completing its financial restructuring and implementing the Company's confirmed plan of reorganization (the "Plan").
AMERICAN HOTEL INCOME PROPERTIES: Agrees to Acquire 12 Premium Branded Hotels for $191.0 Million, Including 2 in Midland
By Press release submission | Dec 12, 2019
American Hotel Income Properties REIT LP ("AHIP", the "Company") (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U) is pleased to announce that it has reached a definitive agreement (the "Definitive Agreement") to acquire a portfolio of 12 well-maintained Premium Branded hotels (the "Acquisition") for $191.0 million excluding closing and post-closing adjustments.