20 Mar 2019 West Texas Intermediate (WTI), the primary U.S. grade, is over $59. At Christmas Brent was at $50, WTI at $42. What's driving prices higher is a 

Permian Basin, a 75,000 square-mile expanse stretching from West Texas to southeastern New Mexico. The last major oil boom, dating back to the late 1970s,   10 Aug 2017 When the oil industry is percolating, there is an increased flow of money into economy as has been the case in recent years in West Texas. But  26 Sep 2017 Report: West Texas Oil Boom Fuels Fears Of A Crash. The boom could mean that Permian Basin companies can make money at current prices  20 Mar 2019 West Texas Intermediate (WTI), the primary U.S. grade, is over $59. At Christmas Brent was at $50, WTI at $42. What's driving prices higher is a  3 Mar 2015 Across the U.S., skyrocketing oil production rooted in the fracking boom is just beginning to feel the effects of collapsing prices. One indicator, the  14 Nov 2017 An oil boom is in full swing in the Permian Basin in West Texas along with one of its expected but more unwelcome sidekicks — natural gas  14 Jan 2019 With an oil boom forecasted to last well into the nation's future, the focus has turned to the Permian Basin. However, West Texas is not the only 

In This Oil Boom Town, Even a Barber Can Make $180,000. One of America’s hottest labor markets is in West Texas, where the brisket is scarce, the ‘man-camps’ are full, and oil workers with no time to spare pay $75 to skip the line at the barber shop. By.

3 Jan 2019 The Permian oil boom in Texas is putting the U.S. on the energy map. This year, it's expected to generate millions of barrels per day. I left West Texas years ago, but I'd returned to witness the biggest oil boom the region has ever seen. Some of the stories I'd heard sounded like tall tales, but  11 Oct 2018 As oil and gas exports surge, West Texas becomes the world's “extraction colony” . An unprecedented drilling boom in the Permian Basin is great  21 Aug 2019 In west Texas, the center of the U.S. oil boom, about 3800 students at Permian High School are crammed into a campus designed for 2500, 

13 Aug 2019 In The Permian, An Oil Boom's Hidden Challenges. West Texas wells produce more oil than the domestic market wants. But all that oil has to go 

10 Aug 2017 When the oil industry is percolating, there is an increased flow of money into economy as has been the case in recent years in West Texas. But  26 Sep 2017 Report: West Texas Oil Boom Fuels Fears Of A Crash. The boom could mean that Permian Basin companies can make money at current prices  20 Mar 2019 West Texas Intermediate (WTI), the primary U.S. grade, is over $59. At Christmas Brent was at $50, WTI at $42. What's driving prices higher is a  3 Mar 2015 Across the U.S., skyrocketing oil production rooted in the fracking boom is just beginning to feel the effects of collapsing prices. One indicator, the  14 Nov 2017 An oil boom is in full swing in the Permian Basin in West Texas along with one of its expected but more unwelcome sidekicks — natural gas  14 Jan 2019 With an oil boom forecasted to last well into the nation's future, the focus has turned to the Permian Basin. However, West Texas is not the only 

26 Jul 2019 A booming energy sector could spur more interest in bank acquisitions in West Texas. Oil production in the state's Permian Basin hit a new high 

1 Oct 2019 For Midlanders, the shale oil boom is both a blessing and a curse, and surrounding forests, it is a world away from the plains of west Texas. 3 Sep 2019 ALBUQUERQUE, N.M. (AP) — New Mexico's oil and gas industry is which straddles parts of New Mexico and West Texas, has been surging. Unemployment rates sink as West Texas oil boom fuels economy. New technology that helps drilling companies extract much more oil from each acre for less  9 Aug 2018 That forecast assumes an oil price of $60 a barrel; the West Texas drilling technology aren't just profitable in boom times, when oil hits $100 a  26 Jul 2019 A booming energy sector could spur more interest in bank acquisitions in West Texas. Oil production in the state's Permian Basin hit a new high  22 May 2014 of West Texas. We're looking at the area around Midland and Odessa to see how fracking in the Permian Basin has triggered a new oil boom 

By 2025, U.S. oil production is expected to equal that of Saudi Arabia and Russia combined, according to the International Energy Agency (IEA). The power of the Permian oil and gas boom is easy to spot in the basin itself, which stretches across more than 75,000 sq. mi. of scrubby ranchland in West Texas and New Mexico.

Just 10 years ago, West Texas was dubbed a “dead area” by many in the oil industry. But today, oil pumps churn from countless oil wells throughout the Permian Basin. According to the U.S. Department of Energy, the Permian Basin is expected to produce 3.9 million barrels of oil per day (bopd) in 2019. As oil and gas exports surge, West Texas becomes the world’s “extraction colony”. An unprecedented drilling boom in the Permian Basin is great for business. But it’s polluting the air, overwhelming communities and threatening the planet. The Permian basin in West Texas and southeastern New Mexico is the country's biggest shale oil producing region. The Permian Basin is six years into a boom sparked by advances in drilling methods that have unlocked a sea of hitherto unattainable oil buried inside a 90,000-square-mile stretch of sedimentary In West Texas, rising oil prices are fueling a sharp economic upswing, lifting employment and pay to records, driving up spending at hotels, restaurants, and car dealerships, and raising the cost of housing and other essentials.

13 May 2019 Oil rigs. Pecos. Area of detail. Highway 285. TEXAS. Quartz | qz.com US 285 is just one symptom of the West Texas fracking boom, which is  3 Oct 2019 CARLSBAD, N.M. — Texas' most dangerous and unchecked border but rather to the west, where the Permian Basin oil boom is expanding