Tag Archives: Permian Basin

One of the first US refineries to be built in 40 years planned for Permian Basin

AUSTIN, Texas — MMEX Resources Corp., a global energy company focusing on the acquisition, development and financing of oil, gas, refining and infrastructure projects in Texas and South America, announced that it plans to build a $450 million, 50,000-bpd capacity crude oil refinery in the West Texas Permian Basin, subject to the receipt of required […]

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Rig count hops up 12; Permian Basin again drives rise

The number of oil and gas rigs in U.S. fields rose again this week, up 12 or about 170 over the past three months. This week’s count marks the fourth increase in a row, and a boom of more than 335 rigs since the count fell to its recent low, last spring. U.S. oil drillers […]

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2017: ‘The Permian’s year’ Oil workers anticipate continued recovery in standout region

    Around February, when oil prices bottomed at about $26 a barrel, Silverado Contracting on Highway 385 found themselves with less than half the 20 workers who turned dirt during the boom. Kevin Shifflet, the yard manager for the company on Highway 385, said they struggled to find 40 hours worth of work in […]

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PESA News – PESA Promotes Business Intelligence Through Its CID Annual Meeting

PESA Promotes Business Intelligence Through Its CID Annual Meeting Credit professionals from PESA member companies gathered at the 2016 PESA Credit Interchange Division Annual Meeting on September 21-23 for networking opportunities, training on how to best utilize the CID platform, and presentations from industry experts. With more than 40 member companies, PESA-CID creates a unique […]

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PESA News – PESA and PBPA Look to the Future of the Permian Basin with Jim Wicklund

On September 15, PESA hosted a joint luncheon with the Permian Basin Petroleum Association (PBPA) featuring keynote speaker Jim Wicklund, Managing Director of Credit Suisse.  Wicklund addressed the current economic climate and what that means for the industry, focusing on the growing importance of the Permian Basin. As the Permian Basin continues to develop, PESA […]

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U.S. rig count rises by 10, international count down 28

HOUSTON — The U.S. oil rig count increased by six this week, with more rigs added in the Permian basin, according to Baker Hughes. The count had declined for 29 weeks until July 2, when oil companies began sending rigs back to oil fields in Texas and elsewhere. After U.S. oil prices settled near $60 a barrel for an […]

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