oil industry

From Texas Standard:

The Permian Basin in West Texas — already the nation's highest-producing oilfield — is seeing a surge in production, and drillers are extracting more crude oil than refiners here can handle. But now, oil companies in the basin have new outlets for that oil, and it's having an economic impact hundreds of miles away.

"This is not a bubble; this is real growth,” Port of Corpus Christi vessel traffic controller Mike Stineman says as he scans real-time navigation charts. Radio chatter between vessels, the Coast Guard and the Vessel Control Center provide a nonstop audio backdrop for Stineman's day-to-day work.

Oil producers across the country are watching to see what OPEC does at its meeting in Vienna this week, since the cartel of oil-exporting countries has recently played a big role in turning around a two-year U.S. slump.

There are more than twice as many U.S. rigs drilling for oil as a year ago, a turnaround that's felt keenly in places like the Bakken oil patch in North Dakota. Cigarettes and chewing tobacco are flying off the shelves of the gas station Angela Neuman manages in the town of Williston.

From Fronteras Desk and Texas Standard:

President Donald Trump says he’ll renegotiate the North American Free Trade Agreement (NAFTA) with Mexico and Canada. That has a lot of businesses that participate in cross-border trade concerned. That includes some U.S. energy executives, even though energy was excluded from NAFTA.

 

Royal Dutch Shell has signed a provisional agreement to develop oil and gas fields in Iran, a move that could signal energy companies will not be deterred from doing business with the Islamic Republic despite uncertainty whether a Trump administration will scrap a nuclear deal agreed to by world powers.

David Martin Davies

The recent discovery of a massive oilfield in West Texas has many in the region on edge. Some are anticipating on a flow of jobs to the area but others are concerned that the drilling will spoil the desert’s beloved springs.

Scuba diving into the San Solomon Springs is like exploring a coral reef – except it’s in the middle of the West Texas Chihuahuan desert.

The water is crystal clear and filled with fish. They swim right up to the divers and surround them.

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