35 Burst results for "Permian Basin"

"permian basin" Discussed on Newsradio 700 WLW

Newsradio 700 WLW

01:49 min | 2 months ago

"permian basin" Discussed on Newsradio 700 WLW

"I Heart Radio podcast preview. This region of West Texas, known as the Permian Basin is in the midst of the biggest old boom in history. The Permian Basin is the epicenter for oil and gas production in the free world. This unprecedented production has transformed the region from a depressed desert into a land of opportunity. My name is Christian Wallace. I was raised in the Permian Basin in a small town called Andrews. I grew up on tales of the region's legendary booms and busts. I even spent a year working as a roughneck in the whole patch after college, but I've never seen or heard of anything like this. Against all odds, the Permian Basin has become one of the most important swaths and land on earth. The boom is reshaping the world's climate economy, even our geopolitics. We are now the number one energy producing in the world and I'm not going to lose that wealth on Dreams on windmills. Yet few understand this place or its people. This is a story of roughnecks and roustabouts a billionaire wildcatters and want to be dreamers and full on hell raisers and of average folks, just trying to get by as the world around them is turned upside down. From Texas monthly, an imperative entertainment. This is boom town. Oh, just uncleared owed the money. Louis didn't pay them. Correct. Load the money, right? Okay. Just make sure I understand the premise 11 37 gambling fin NewsRadio 700 wlw the overarching topic all night long, if not now, when talking about the U. C bear camp football.

West Texas Permian Basin Texas Andrews Christian Wallace U. C earth I Heart Radio NewsRadio one of number one Louis most important 11 700 37
"permian basin" Discussed on Talk Radio 1190 KFXR

Talk Radio 1190 KFXR

02:59 min | 3 months ago

"permian basin" Discussed on Talk Radio 1190 KFXR

"Heart radio APP is number one for music, radio and podcasts, All in one discover a new podcast from our library of hundreds of thousands of titles. Here's an I. Heart Radio Podcast Preview. Lancaster, South Carolina is in the middle of not much growing up near that rural town in the post civil rights self I knew it is the hometown of a black man named Jim Duncan. Became a Super Bowl hero, the Baltimore Colts camps of the American Conference, the Dallas Cowboys champs of the National Conference and where his death even now, almost half a century later, still makes no sense at all. Gets the kick away Duncan after the 15 the story was that my brother went into the police station, took a gun, offer police officer and shot himself in the head. Most people don't believe that I'm Brett McCormick for the past three years at the Rocco Harold, I've looked back at a story that's timelier than ever breaking news. Don't show. My first impression was that could have happened last week. The tale of a life falling apart, Duncan look out and police too close to the edge. Black people couldn't do but so much I'm trying to forget about you Know, five years ago move on the search for closure for an event. Almost no one could believe days. South Carolina will be a better steak, but even fewer dared question. Have you got some time to talk? Never has this been something that anybody's interested in talking about. Until now. It involves rates the mental state of the person and a town that was scared to death to say anything to return man from the Rocco Harold McClatchy Studios and I Heart radio. Listen and follow this podcast for free on the I Heart radio app number one for music, radio and podcasts, all in one app. The free I. Heart radio APP is number one for music, radio and podcasts, All in one discover a new podcast from our library of over 350,000 titles. Here's an I Heart Radio podcast preview. This region of West Texas, known as the Permian Basin is in the midst of the biggest old boom in history. Permian Basin is the epicenter for oil and gas production in the free world. This unprecedented production has transformed the region from a depressed desert into a land of opportunity. My name is Christian Wallace. I was raised in the Permian Basin in a small town called Andrews. Grew up on tales of the region's legendary booms and busts. I even spent a year working as a roughneck in the whole patch after college, but I've never seen or heard of anything like this. The rust Martin Show afternoons on.

Jim Duncan Brett McCormick West Texas South Carolina Duncan Permian Basin last week Super Bowl Baltimore Colts Andrews I. Heart radio Christian Wallace over 350,000 titles Rocco Harold McClatchy Studios 15 I Heart Radio five years ago Lancaster, South Carolina National Conference Dallas Cowboys
Chevron Begins Employee Vaccination Mandates as Covid-19 Roils Oil Fields

WSJ What's News

00:34 sec | 3 months ago

Chevron Begins Employee Vaccination Mandates as Covid-19 Roils Oil Fields

"Has begun requiring thousands of its employees to receive kovic nineteen vaccinations and according to people familiar with the matter. The oil giant is evaluating mandates throughout its entire workforce. The oil and gas industry has been contending with rising infections and outbreaks of the virus have recently been affecting the company's operations and key sites such as the offshore platforms of the gulf of mexico and the permian basin of texas and new mexico. Chevron decision came ahead of the fda's full approval of the pfizer biotech vaccine.

Permian Basin Gulf Of Mexico Chevron New Mexico Texas FDA Pfizer
Google Unit DeepMind Tried and Failed To Win AI Autonomy From Parent

WSJ Tech News Briefing

02:40 min | 6 months ago

Google Unit DeepMind Tried and Failed To Win AI Autonomy From Parent

"Back in twenty fourteen. Google bought a company. Called deep mind specializes in making advanced a it systems to mimic the way human brains work. It's an approach known. As deep learning now for years senior managers there had tried to negotiate more independence from the parent company. And now we report that last month. Google ended those talks. Permian basin broke the story for us. And she's here to talk about it. Parmi thanks for coming on the show. My pleasure so parmi. Let's talk about these negotiations over deep mind. You've been speaking with people close to this situation. What did you learn about what the people at deep mind wanted. so what. I learned from speaking to people who were familiar with what happened. Was that deep mind. Had been proposing for some time to google that they could have some measure of independence from the company and this went back actually quite a many years back to around the time of the acquisition so google bought deep mind in twenty fourteen for about five hundred million dollars and actually the year after that. Google restructured into alphabet. It became more of an umbrella company with so called bets that it was managing and that came up as kind of opportunity for deep mind to get a new measure of independence and it was from around that time onwards that deep minds founders started telling staff at the company that there was this possibility to become more independent from one of the reasons for doing that was relevant to deep mines long-term goal which is to create something called artificial general intelligence. Now you probably heard of artificial intelligence. Artificial general intelligence is like this next level of ai. Which is much much more humanlike. Ai right now is very good at doing things. Like nizing voices or a face or typing text for you but it can't do all the different things that the human brain can do. And that's what artificial general intelligence. The theory that it will be able to do that become almost sentient is almost as kind of science science fiction style. Way of looking at a i but the people at deep mind are seriously working on trying to build this. No one's done it yet. But they are they take it very seriously and they they call it solving intelligence and the view in the company of the founders was that hey if we actually built this should be controlled by a single corporate entity

Google Permian Basin
"permian basin" Discussed on Oil and Gas Startups Podcast

Oil and Gas Startups Podcast

08:06 min | 6 months ago

"permian basin" Discussed on Oil and Gas Startups Podcast

"That's great so paying your talks about their compelling free cash flow twenty three billion free cash flow from two thousand twenty one to twenty two thousand six. They go on about their very. We'll dividend as well basically saying you know they have their base and they're very we'll dividend. They think they are the best way to return those. Turn that money to to shelters. I still think that. Look if it's very it's like okay. If prices are good things are running. That's great but if we're prices go down. I think at the end of the day. Shareholders still wants i guess they wanna know their base and as long as that's not changing that's awesome and then you variables this icing on top of this sort of what you did. Just throw not your dollar driven company and say where. We've come great absolutely and so i mean i there. Also growing their target ranges sort of growth it at five percent. So you have to think about all these companies again. I think it's important to think about any even monitor. If it's one to five to ten percent they have to add to add a couple of rigs there. I don't think they're going to be adding a whole lot of frat crews given given the trajectory one the longer laterals the incremental move toward longer laterals overall. And then this the simultaneous racks. That i guarantee you will continue to grow. So you're just not going to need. You're not going to be doubling. I think the frank fleets within the permian and the fact that many of those records are not fully dedicated which means some of them. That are just hanging out there. The one offs on those will be pulled in so that this means just telling me you know these companies. It's important that they have. I would say hedging is on important right now but the maintenance capital something really important to think about that. They have be. We'll have to maintain their spending because they're so big now that spending quite a bit we're talking billions millions and billions in the case of all these guys. Shall we proceed to our friends friend of the show. Chris read liberty oilfield services. All right. we'll wrap up there. Yes we will wrap up there so a liberty oilfield services so really germs wanting to learn about the market. If you're just looking for literally an earnings call telling you the state of sort of the us service market. It is a great call. Cal call was actually pretty good on that as well but liberty sort of gets more into the weeds on things so i thought it was really. It wasn't very interesting called kaz on chris. Wray opens up and talks about the market. He basically he does call him. Say everyone's telling you that they will need your oil but they could be more wrong. So he's like explains how he how he sees the energy transition on everything and one of them's truce leading energy advocates and i'd say a truth teller and peace baker. Yes thank you so so. I've known crisper while so. I think he doesn't go java. That sort explaining this marcus something. He does a lot of research as well. He into a number of different age of factors in here. So they again i mentioned they. They basically said they had twenty cracking thirty percent of the wells fifteen to twenty percent of the market and so they won some acquisition for slumber. J. obviously they have huge. I saw this stuff in the end. They have a lot of frankly so running about thirty athletes and they from the standpoint. I did think it was interesting. Both from sort of the santini's frac perspective and then from an e sample inefficiencies. Chris wray talks about like deficiencies a lot. I don't know how many times you mentioned the call efficiencies are huge and so he does mention that you know we're drilling were producing oil for less for the cost less than we did before. And that's in the face of what ethan just said you know the fact that you're having positive for flow all these things that you're lowering your costs per barrel for production that we're continuing to do. That is still really huge. And the fact that every operator and many that i've listened to in addition to that we talked about specifically but just efficiencies are really are loud and clear throughout all these calls of doing more with less and nothing. That can't go away that you can't have a service we have in place but it's just really important to realize that we have that in the face and sixty five dollars. Wti so killings for them. We're the same was sixty five. Wti on prices looking good they did hone in on the market bifurcation. Those well is that you have a lot of these guys. Smaller companies that are that are adding the more wells. and they're doing stuff and so they said hey. We're seeing great capital disciplined from the bigger companies in the majors in the public's but we're not seeing this in capital plan on with the smaller guys and so small guys are making a decent chunk of the pie and they are it also means that. I think we heard to sit from halliburton as well. And i think from just overall when i my understand the industry i think the second half of the year for the service sector could be saffir carson quickly a little bit better so we typically sort of start tapering off in third and fourth quarter spent all their money. I don't think we're gonna see that the same thing. I think we're going to continue to see at the very least i think the third and fourth quarter and be pretty steady and we may actually see some of these private companies whether you're pregnant with their private equity backed so we're back more technical difficulties on damn recording side so anyways trouble with your mom. My mom doesn't. She loved the podcasts gates except she didn't like all my cussing the sound quality was better than this one. I told her we didn't have private studio. So anyways back to back to liberty oilfield services so a couple things in the call. In addition to these efficiencies on the end the bifurcation of the industry and everything was that So they're doing investor. They're doing investor day in june. And then then interesting. Chris wray is actually the doing an issue report that they're releasing june first. So it is not gonna be a typical issue report. This is going to be chris right. Espn report that's looking for them writing. So it'd be really. I think it will be very interesting. Certainly interesting for the industry. And i think it's i think it's important to realize like he does have a different. He studied the market really well. I'm he knows the stuff cold. And so we're seeing some differences in the e frac electrify and the dual fuel. Frankly so i think no matter what all these frankly tattoo go toward the pressure. Demand for lower carbon fracking right so usually talks about their letter define electrify frankly. It's that. They had that they use. But i know. Probably whatever six quarters ago when somebody Maybe five four zero when somebody mentioned electric freckly towel burden and i think liberty to were both like. We're not doing that. And of course now. They can't say that because the demand is higher and they may in theory be if they can get deficiency so they can make them run better they may in theory be able to charge more for them but they you talk about the natural gas side that they're using a they talk about using. Not natural gas turbine onsite by using. And i don't i would love to. I really do want to have a sit down with liberty of field services. Because i love the fact space as he goes now and talk for everything completions but they talk about the using a natural gas reserve engine versus a natural gas. Turbine onsite for fracking. That they see is significant. Difference on the frank side from an efficiency standpoint especially for fuel you standpoint. And i do think it's a clear. Trend is a trend industry that they are the need for dual fuel. The ability to do a power being powered by natural gas is important. And then i think just the overall efficiency so if you're not running as efficiently as efficiently within africa system versus a diesel system from a power standpoint. That's not gonna work either. So i think this is going to continue to evolve from a uso. Have the choice of. I'm happy for somebody to get on here and get deeper into the weeds on this. But from my understanding. From what. I've heard both from especially from halliburton and liberty in their calls was that you know the need for multi fuel is like. That's an automatic. You have that or you're going to be pushed out and then increasingly you're probably going to need to provide green green options on the lower emission lower..

Chris two thousand twenty three billion Chris wray five percent twenty two thousand six quarters ago five billions ten percent sixty one Both chris twenty thirty percent twenty percent kaz june sixty five dollars
"permian basin" Discussed on Newsradio 600 KOGO

Newsradio 600 KOGO

08:33 min | 7 months ago

"permian basin" Discussed on Newsradio 600 KOGO

"This region of West Texas, known as the Permian Basin is in the midst of the biggest old boom in history. The Permian Basin is the epicenter for oil and gas production in the free world. This unprecedented production has transformed the region from a depressed desert into a land of opportunity. My name is Cristian Wallace. I was raised in the Permian Basin in a small town called Andrews. I grew up on tales of the region's legendary booms and busts. I even spent a year working as a roughneck in the oil patch after college, but I've never seen or heard of anything like this. Against all odds, the Permian Basin has become one of the most important swaths of land on earth. The boom is reshaping the world's climate economy. Even our geopolitics way are now the number one energy producer in the world. And I'm not gonna lose that wealth. Dreams on Windows. Yet if you understand this place or its people thistles, a story of roughnecks join the conversation on Facebook and on Twitter at KOGO Radio, Getting ready for a heat wave in San Diego will have the latest for you tomorrow morning, starting at five. A.m. on news radio 600 Kogo. That's so funny. Matthew Backer. Just tweeted at me, Carl, you spent a lot of time criticizing Kevin Faulconer. Do you think California will elect a strictly conservative governor? Not a chance? Uh, well, they certainly are going to be able to elect a scandal plagued left wing candidate like Kevin Faulconer. There's just Scandals are plenty and the fact that he's so left wing will not cause our base to be enthusiastic to work hard to, you know, pull out the votes. Um, I disagree with the people in this state, the professional political class that profit off of failure. I disagree with them when they say in order to win in California, we need a Democrat light. No. Stop trying to negotiate with the terrorists stop trying to curry favor with the left. The genuine be honest and you will get not only the Republican base, but you will get a bunch of those independents that air so damaged by by Gavin Newsom. If they see a Faulkner they're gonna snap. They're gonna smell exactly what he is. He's a Gavin light. So no, Matthew. I do want to win, and that's why, Yeah, I want to make sure people know Faulkner's failures are pretty extensive and basically render him and un electable candidate right now. But what are some of Faulkner's scandals? What were they? Well, it's all on that website. Falconer failures that or g'kar, but the failures are on the scandal. Ass street, lining the pockets of his campaign contributors and leaving the taxpayers holding the bag for about 150 Million to $200 million of Ah, loss in a massive building, which we've owned. Sense, or we making lease payments on least own since 2016 And yet no city employees have been in there occupying for five years. Now we're going on six years a waste of lease payments for six years, he said. All it needed was a power wash. And, uh, hey, did it all to shield and hide the identity of the true owners of the building. He set up a shell company. The deal was set up. So a shell company bought the building. On the same day that the show company's sold the building to the city, profiting about $11 million in the transaction, And then he said, We're not gonna do a building inspection and we found out after the fact. That a six year old building surprise surprise as asbestos. If that's not a scam. I don't know what one is. It's either felony criminal or felony incompetent. But when you look at all the policies, the tax hikes that he's engaged in The fact that he embraced all these green new deal policies, the open border policies, the amnesty the sanctuary city policies. He supports the fact that he didn't impose the curfew when the riot started happening in San Diego. Five days after the La Mesa community burned down their small businesses and downtown focus was on CNBC, saying I'm not gonna declare a curfew. I want to send a message of support to be lm by not doing a curfew. Message of support. I could go on and on. Just go to the website fucked her fairy failures that or g'kar, but it Zedd to see people thinking that the only way to win in California is to become Democrat light. That's not a win for us. My friends that just keeps us on the same path of destruction that are states but on I could just simply tell you anyone who's been following city politics knows We are in a world of hurt today, eight years after Fokker. So real quick about the liberal media. Today on the view, and I'm not gonna have time for this. But Travis's question was a good one. Let's just go with it. Do they have the view? This comment was made by, um uh, Joy. Bejart. You know where we're headed with this? She was saying the own media is is perfectly fine. Journalism is healthy, You know, there's only a few outlets that are in any way biased. Listen to audio, too. I want a lot of a lot of news. And besides MSNBC, there's no liberal bias. There is basically balanced on most stations. ABC NEWS CBS NEWS NBC News. All of them have both conservatives and liberals. And so I think that it's a It's incorrect to say that there is a coming Clearly liberal bias, and they would that therefore, Fox and MSNBC are the only ones who are really on the both ends of the spectrum. Is she lying? Or she that ignorant Yeah, well, there's no real media bias. Except for Fox and MSNBC. I will grant you Fox comes off as center. Right? Okay. There you go. There, center right on. You can call him far right if you want. That's fine by me, too. MSNBC. Okay. They are liberal, but not as bad as CNN. I mean, what do you think? Travis is CNN more liberal than MSNBC and work shoddy with their journalism. I think so. You think I think MSNBC is pretty far? No, not not that for the past few years, MSNBC I think is is slightly better than CNN. But CNN is by far the worst. CNN is definitely skewed. Well, I guess it depends on the day. I think you're on the show, right? Yeah, exactly. But but man. They're they're both ways and then New York slimes. Washington toast the union befo own here Locally, we got KPBS, which is sponsored by tax dollars, But they're far left the void of San Diego, which you know no matter what If I ever leave town, or if I ever die void of San Diego would have to go out of business because they just have are just they think. Just love doing erroneous, false hit pieces on me. They like live every year. You know, it's like, Oh, Did you get enough? Time passed and we could do another hit piece on DiMaio. You just come up with something? They've got The New York Slimes The Washington Slim's, uh, you have almost no real journalism in this country. And I'm not saying that box provides all journalism. They have a lot of opinion shows where I'm not a journalist. I'm an opinion show. I tell you, I'm a Republican. I'm a center right voice on. We encourage people on the left and call in and give us the other side of the story. And I do try to explain what this is what the Democrats are saying, and then Proceed to tell you why they're wrong. But you know what you're getting here. You're not getting journalism. You're getting our take on the news in a discussion, but for her to say that What would you even bother even listening to this woman anymore? She's either a liar or she's ignorant..

Kevin Faulconer Matthew Backer CNN Fox Matthew Travis West Texas Permian Basin five years tomorrow morning San Diego six years Bejart Carl KPBS Gavin Newsom MSNBC five. A.m. KOGO Radio Andrews
A look at the global oil market

Marketplace with Kai Ryssdal

01:43 min | 9 months ago

A look at the global oil market

"Get ready for it. Here's what's happened to the global oil market in the last twelve months in trader argo removed. From what is called tango to backwardation a backward dated market. That's energy consultants. Stephen shark and to explain. In regular people terms the contain go market happened when crude oil demand and prices plummeted after the pandemic hit then in the fall the global economy came out of covert hibernation and needed more oil and gas demand. Now is beginning to outstrip supply. There's a lot of optimism about a vaccine the economy's globe opening up which has driven prices up. Alex ramos at rice stat. Energy says that's good news for shale oil producers in the permian basin of texas and new mexico one of the most terrific than one of the most affordable sources of oil nowadays globally so with all of the efficiencies that we've seen in drilling and fracking essentially all areas of the permian are commercial and very profitable at sixty dollars but more oil pumping profitably out of the ground. Doesn't necessarily mean and other boom time in rig workers jobs and pay that's because there's been massive consolidation accelerated by the pandemic says analyst. Michael orlando at econ. One research. we saw a record number of bankruptcies in the oil and gas sector in twenty twenty and we were going to see a contraction in employment. The industry cost reduction in the industry. Employment in oil and gas drilling is down about five thousand since before the pandemic and down about seventy thousand since the peak in two thousand

Stephen Shark Alex Ramos Argo Permian Basin Michael Orlando New Mexico Texas
"permian basin" Discussed on KNST AM 790

KNST AM 790

02:00 min | 10 months ago

"permian basin" Discussed on KNST AM 790

"This region of West Texas, known as the Permian Basin is in the midst of the biggest old boom in history. The Permian Basin is the epicenter for oil and gas production in the free world. This unprecedented production has transformed the region from a depressed desert into a land of opportunity. My name is Cristian Wallace. I was raised in the Permian Basin. In a small town called Andrews. I grew up on tales of the region's a legendary booms and busts. I even spent a year working as a roughneck in the oil patch after college. But I've never seen or heard of anything like this. Against all odds, the Permian Basin has become one of the most important swaths of land on earth. The boom is reshaping the world's climate economy. Even our geopolitics way are now the number one energy producer in the world. And I'm not gonna lose that wealth. Dreams on windmills. Yet if you understand this place or its people, thistles, a story of roughnecks and roustabouts of billionaire wildcatters and one of the dreamers and full on hell raisers and of average folks, just trying to get by as the world around them is turned upside down. Texas Monthly and imperative entertainment. This'll is moving Listen and follow this podcast for free on the I Heart radio app number one for music, radio and podcasts. All in one eye, I hard radio. Here. The top three Blake Shelton songs You've thumbed up. Number three God's country. Sound. Other men found Nick's You Iselin. Get you haven't found the devil went down Children, but he didn't stick around. This is God's country. Number two happy anywhere featuring Gwen Stefani him at.

Permian Basin Gwen Stefani Cristian Wallace West Texas Blake Shelton Texas Monthly producer Andrews Nick
"permian basin" Discussed on 600 WREC

600 WREC

03:54 min | 11 months ago

"permian basin" Discussed on 600 WREC

"This region of West Texas, known as the Permian Basin is in the midst of the biggest old boom in history. Permian Basin is the epicenter for oil and gas production in the free world. This'd unprecedented production has transformed the region from a depressed desert into a land of opportunity. My name is Cristian Wallace. I was raised in the Permian Basin in a small town called Andrews. I grew up on tales of the region's legendary booms and busts. I even spent a year working as a roughneck in the oil patch after college, but I've never seen or heard of anything like this. Against all odds, the Permian Basin has become one of the most important swaths of land on earth. The boom is reshaping the world's climate economy. Even our geopolitics way are now the number one energy producer in the world. And I'm not gonna lose that wealth dreams on windows yet if you understand this place Or its people. Thistle's a story of roughnecks and roustabouts of billionaire wildcatters and one of the dreamers and full on hell raisers and of average folks, just trying to get by as the world around them is turned upside down. Texas Monthly and imperative entertainment. This'll is Boom town. Listen and follow this podcast for free on the I. Heart radio app number one for music, radio and podcasts, all in one high Heart radio goes one on one with Brad Paisley to weigh the pros and cons of opening or closing the show. George Jones and Conway Twitty used to fight about that. Is there gotten older and they're on tour together. And they had There was a tour for a while. That was Conway Twitty, George Jones of in scale, and Vince was always in the middle. And what was this was like I shouldn't be closing. I shouldn't be after either of you and they would they would fight and flip coins as to who could go first, so they could go home is hilarious that I'm not to that point. I like closing. I'm not in any hurry. Was funny, though, to see Scotty McCreery at the festival, and I got together with him that day and said, Hey, we come sing celebrity during my show he did. Did he have his pajamas? I was sorely And he came out of the bus. And he said, You know, he talks. He was like, No, No, I gotta tell you, I really thought I'd be a lot longer for closing. But all right, keep listening to I heart radio for more Brad Paisley and all your favorite artists. Hurt. Radio goes one on one with Bryan Adams to get a feel for when it all began for him. Musically, I was about 10 years old. I was given a Spanish guitar for Christmas. And so e. I wanted a drum kit. But I ended up getting a smashed guitar and I guess it thinks that it just turned around from them. People Listeningto I heart radio form or Bryan Adams and all your favorite artists I heart radio goes one on one with Carlos Santana to discuss help. Passion contributes to Santana's longevity By the grace of God. You know, we have not less passion. You know in the fire, Asai said before, For some reason, a lot of musicians are age. They reduce yourself to embers, you know, And somehow we way go into the room and you hear Tornado fire, you know, and it's like white heat, So I love that the passion The willing to play that note with the intensity of that If you die getting that note, then got started. I don't get it, you know, And it sounds like that because you can't get a sound like that. Unless you're willing to put all of it in it, too. To the point of like, if you get a stroke by getting it, then get the stroke. No and go the collective sound of each musician When we play like that people gonna feel it..

Permian Basin Bryan Adams Brad Paisley Conway Twitty George Jones Cristian Wallace Boom town Carlos Santana Scotty McCreery Andrews Asai West Texas Texas Monthly I. Heart producer Thistle Vince
"permian basin" Discussed on Newsradio 1200 WOAI

Newsradio 1200 WOAI

01:57 min | 11 months ago

"permian basin" Discussed on Newsradio 1200 WOAI

"Music, radio and podcasts, All in one discover a new podcast from our library of over 350,000 titles. Here's an I Heart Radio podcast preview. This region of West Texas, known as the Permian Basin is in the midst of the biggest old boom in history. The Permian Basin is the epicenter for oil and gas production in the free world. This unprecedented production has transformed the region from a depressed desert into a land of opportunity. My name is Cristian Wallace. I was raised in the Permian Basin in a small town called Andrews. I grew up on tales of the region's legendary booms and busts. I even spent a year working as a roughneck in the oil patch after college, but I've never seen or heard of anything like this. Against all odds, the Permian Basin has become one of the most important swaths of land on earth. The boom is reshaping the world's climate economy. Even our geopolitics way are now the number one energy producer in the world. And I'm not gonna lose that wealth on Dreams on Windows. Yet if you understand this place or its people This is a story of roughnecks and roustabouts. It's a crazy world. We're all running low on things we trust. That's why there's news Radio 1200 W away. I depend on us for real news news that affects you and your family news radio 1200 MW away I San Antonio Spurs ramp Their five game road trip tonight in Oklahoma City, first, currently five and five on the season, winners of three of their last four Oklahoma City has won four of their last five and our three game win streak. Air time is 6 30 tonight with.

Permian Basin Oklahoma City San Antonio Spurs Cristian Wallace producer West Texas Andrews
"permian basin" Discussed on NewsRadio KFBK

NewsRadio KFBK

02:18 min | 11 months ago

"permian basin" Discussed on NewsRadio KFBK

"Music, radio and podcasts, All in one discover a new podcast from our library of over 350,000 titles. Here's an I Heart radio podcast preview. This region of West Texas, known as the Permian Basin is in the midst of the biggest old boom in history. The Permian Basin is the epicenter for oil and gas production in the free world. This unprecedented production has transformed the region from a depressed desert into a land of opportunity. My name is Cristian Wallace. I was raised in the Permian Basin in a small town called Andrews. I grew up on tales of the region's legendary booms and busts. I even spent a year working as a roughneck in the oil patch after college, but I've never seen or heard of anything like this. Against all odds, the Permian Basin has become one of the most important swaths of land on earth. The boom is reshaping the world's climate economy. Even our geopolitics way are now the number one energy producer in the world. And I'm not gonna lose that wealth. Dreams on Windows. Yet if you understand this place or its people This is a story of roughnecks and roustabouts of billionaire wildcatters and one of the dreamers and full on hell raisers and of average, folks. Good afternoon from the KFBK Traffic center. This report is brought to you by indeed dot com at 3 19 Right now we have an accent just popping up here north about 99 to Cal Bine Road just north of there. Looks like see if he's already to seem They're just not telling us what's going on. Also, North found 99 consume this river, which is gonna be a duplication. We have a three vehicle accident. And all of them taking the exit, so hopefully they won't be in your way for long. If they're in your way at all, and Fulton Avenue and Hurley way traffic hazard, a powered wheelchairs stuck in the roadway. Be very careful. They're eastbound cab, slow getting at a midtown that starts around the E Street. Maybe even end street at this time has gone before you get to the river of your hiring. You need indeed indeed delivers quality candidates so you can focus on interviewing people with the right.

Permian Basin Cristian Wallace E Street West Texas producer Andrews
"permian basin" Discussed on 103.5 KISS FM

103.5 KISS FM

01:30 min | 11 months ago

"permian basin" Discussed on 103.5 KISS FM

"And podcasts, all in one discover a new podcast from our library of over 350,000 titles. Here's an I Heart Radio podcast preview. This region of West Texas, known as the Permian Basin is in the midst of the biggest old boom in history. The Permian Basin is the epicenter for oil and gas production in the free world. This unprecedented production has transformed the region from a depressed desert into a land of opportunity. My name is Cristian Wallace. I was raised in the Permian Basin in a small town called Andrews. I grew up on tales of the region's legendary booms and busts. I even spent a year working as a roughneck in the oil patch after college. But I've never seen or heard of anything like this. Against all odds, the Permian Basin has become one of the most important swaths of land on earth. The boom is reshaping the world's climate economy. Even our geopolitics way are now the number one energy producer in the world. And I'm not gonna lose that wealth. Dreams on windows. Yet if you understand this place or its people, this'll is a story of roughnecks and roustabouts of billionaire wildcatters and one of the dreamers and full on hell raisers and of average folks, just trying to get by as the world around them is turned upside down. From Texas Monthly and.

Permian Basin Cristian Wallace Texas Monthly West Texas producer Andrews
"permian basin" Discussed on News Talk 1130 WISN

News Talk 1130 WISN

01:41 min | 1 year ago

"permian basin" Discussed on News Talk 1130 WISN

"Discover a new podcast from our library of over 350,000 titles. Here's an I Heart radio. Podcast preview. This region of West Texas, known as the Permian Basin is in the midst of the biggest hole boom in history. Permian Basin is the epicenter for oil and gas production in the free world. This unprecedented production has transformed the region from a depressed desert into a land of opportunity. My name is Christian Wallace. I was raised in the Permian Basin in a small town called Andrews. I grew up on tales of the region's legendary booms and busts. I even spent a year working as a roughneck in the whole patch after college. But I've never seen or heard of anything like this. Against all odds, the Permian Basin has become one of the most important sloths and land on earth boom is reshaping the world's climate economy. Even our geopolitics way are now the number one energy producing in the world and I'm not gonna lose that well. Dreams on windows yet few understand this place for its my car. I want Welcome back to the program is Vicki McKenna show and I will say this you do not go gently. Like Republicans typically do. On accept the results of a rigged election at the same time. I fail to see why why we're having to do this now..

Permian Basin Vicki McKenna Christian Wallace West Texas Andrews
ConocoPhillips agrees to buy Concho Resources in big shale bet

Balance of Power

00:20 sec | 1 year ago

ConocoPhillips agrees to buy Concho Resources in big shale bet

"Deal in the shale industry since the collapse and energy demand earlier this year, Conical Phillips has agreed to buy control resources for $9.7 billion in stock. Take over will create a heavyweight driller in America's most prolific oil filled the Permian Basin of West Texas and New Mexico. Global

Conical Phillips Permian Basin West Texas New Mexico America
"permian basin" Discussed on Newsradio 1200 WOAI

Newsradio 1200 WOAI

01:32 min | 1 year ago

"permian basin" Discussed on Newsradio 1200 WOAI

"Radio and podcasts, All in one discover a new podcast from our library of over 350,000 titles. Here's an I Heart radio podcast preview. This region of West Texas, known as the Permian Basin is in the midst of the biggest hole boom in history. Permian Basin is the epicenter for oil and gas production in the free world. This unprecedented production has transformed the region from a depressed desert into a land of opportunity. My name is Christian Wallace. I was raised in the Permian Basin in a small town called Andrews. I grew up on tales of the region's legendary booms and busts. I even spent a year working as a roughneck in the oil patch after college, but I've never seen or heard of anything like this. Against all odds, the Permian Basin has become one of the most important swabs and land on earth boom is reshaping the world's climate economy. Even our geopolitics way are now the number one energy producing in the world. And I'm not gonna lose that well. Dreams on Windows. Yet if you understand this place for its people This is a story of roughnecks and roustabouts has to succeed the late Justice Ruth Bader Ginsburg on the U. S Supreme Court. She is a woman of unparalleled achievement. Towering intellect, sterling credentials and unyielding loyalty to the.

Permian Basin Justice Ruth Bader Ginsburg Christian Wallace U. S Supreme Court West Texas Andrews
"permian basin" Discussed on REAL 92.3

REAL 92.3

01:34 min | 1 year ago

"permian basin" Discussed on REAL 92.3

"One discover a new podcast from our library of over 350,000 titles. Here's an I. Heart Radio podcast preview this region of West Texas, known as the Permian Basin. Is in the midst of the biggest hole boom in history. Permian Basin is the epicenter for oil and gas production in the free world. This unprecedented production has transformed the region from a depressed desert. Into a land of opportunity. My name is Christian Wallace. I was raised in the Permian Basin in a small town called Andrews. I grew up on tales of the region's legendary booms and busts. I even spent a year working as a roughneck in the oil patch after college, but I've never seen or heard of anything like this. Against all odds, the Permian Basin has become one of the most important Slauson land on Earth boom is reshaping the world's climate economy. Even our geopolitics way are now the number one energy producing in the world. And I'm not gonna lose that. Well dreams on windows. Yet if you understand this place for its people, this's a story of roughnecks and roustabouts. Ah, billionaire wildcatters and wannabe dreamers and full on hell raisers and of average folks, just trying to get a zoo world around them is turned upside down. From Texas Monthly an imperative entertainment thiss.

Permian Basin West Texas Earth boom Christian Wallace Texas Andrews Slauson
"permian basin" Discussed on KNST AM 790

KNST AM 790

02:46 min | 1 year ago

"permian basin" Discussed on KNST AM 790

"Music, radio and podcasts, All in one discover a new podcast from our library of over 350,000 titles. Here's an I Heart radio podcast preview. This region of West Texas, known as the Permian Basin is in the midst of the biggest hole boom in history. Permian Basin is the epicenter for oil and gas production in the free world. This unprecedented production has transformed the region from a depressed desert into a land of opportunity. My name is Christian Wallace. I was raised in the Permian Basin in a small town called Andrews. I grew up on tales of the region's legendary booms and busts. I even spent a year working as a roughneck in the oil patch after college, but I've never seen or heard of anything like this. Against all odds, the Permian Basin has become one of the most important Slauson land on earth boom is reshaping the world's climate economy. Even our geopolitics way are now the number one energy producing in the world. And I'm not gonna lose that well. Dreams on windmills. Yet if you understand this place for its people This is a story of roughnecks and roustabouts, billionaire wildcatters, wannabe dreamers and full on hell raisers and of average folks, just trying to get a cz. The world around them is turned upside down. Texas Monthly and imperative entertainment. This is Listen and follow this podcast for free on the I Heart radio app number one for music, radio and podcasts. All in ones. Garrett Louis Kelly Walker owns Viva Coffee shop on the East side. And he and his employees are being threatened because Pema County put them on the wall of shame over Cove. It Kelly joins me to talk about it tomorrow morning. 705 right here on honesty. From the city of Angels near the Pacific Ocean. Good morning. Good evening, Wherever you may be across the nation around the world, I'm George Noory. Welcome to coast to Coast Am later tonight. The historical importance of the Beetle. Here's what's happening. Hurricane Sally roaring ashore the northern Gulf Coast early Wednesday, making landfall is the storm threatens to become.

Permian Basin Garrett Louis Kelly Walker Gulf Coast Coast Am West Texas Texas Monthly Hurricane Sally Christian Wallace George Noory Pacific Ocean Viva Coffee Andrews Pema County Slauson
"permian basin" Discussed on NewsRadio KFBK

NewsRadio KFBK

01:30 min | 1 year ago

"permian basin" Discussed on NewsRadio KFBK

"Music, radio and podcasts, All in one discover a new podcast from our library of over 350,000 titles. Here's an I Heart radio podcast preview. This region of West Texas, known as the Permian Basin is in the midst of the biggest hole boom in history. Permian Basin is the epicenter for oil and gas production in the free world. This unprecedented production has transformed the region from a depressed desert into a land of opportunity. My name is Christian Wallace. I was raised in the Permian Basin in a small town called Andrews. I grew up on tales of the region's legendary booms and busts. I even spent a year working as a roughneck in the oil patch after college. But I've never seen or heard of anything like this. Against all odds, the Permian Basin has become one of the most important Slauson land on earth boom is reshaping the world's climate economy. Even our geopolitics way are now the number one energy producing in the world and I'm not gonna lose that well on dreams on windows. Yet few understand this place or to people. This is a story of roughnecks and roustabouts. Of billionaire wildcatters and wanna be dreamers and full on hell raisers and of average folks, just trying to get a cz. The world around them is turned.

Permian Basin Christian Wallace West Texas Andrews Slauson
"permian basin" Discussed on 600 WREC

600 WREC

01:40 min | 1 year ago

"permian basin" Discussed on 600 WREC

"This region of West Texas, known as the Permian Basin is in the midst of the biggest hole boom in history. Permian Basin is the epicenter for oil and gas production in the free world. This unprecedented production has transformed the region from a depressed desert into a land of opportunity. My name is Christian Wallace. I was raised in the Permian Basin in a small town called Andrews. I grew up on tales of the region's legendary booms and busts. I even spent a year working as a roughneck in the whole patch after college, but I've never seen or heard of anything like this. Against all odds, the Permian Basin has become one of the most important swabs and land on earth boom is reshaping the world's climate economy. Even our geopolitics way are now the number one energy producing in the world. And I'm not gonna lose that. Well, son. Dreams on windows. Yet few understand this place for its people. This is a story of roughnecks and roustabouts, billionaire wildcatters, wannabe dreamers and full on hell raisers and of average folks, just trying to get a zoo world around them is turned upside down. Texas monthly an imperative entertainment This is Listen and follow this podcast for free on the I heart radio app number one for music, radio and podcasts, all in one Here are the top John Mellencamp songs that you've come down number three.

Permian Basin West Texas John Mellencamp Christian Wallace Andrews
"permian basin" Discussed on NewsRadio KFBK

NewsRadio KFBK

01:52 min | 1 year ago

"permian basin" Discussed on NewsRadio KFBK

"Music, radio and podcasts, All in one discover a new podcast from our library of over 350,000 titles. Here's an I Heart radio podcast preview. This region of West Texas, known as the Permian Basin is in the midst of the biggest hole boom in history. Permian Basin is the epicenter for oil and gas production in the free world. This unprecedented production has transformed the region from a depressed desert into a land of opportunity. My name is Christian Wallace. I was raised in the Permian Basin in a small town called Andrews. I grew up on tales of the region's legendary booms and busts. I even spent a year working as a roughneck in the whole patch after college, but I've never seen or heard of anything like this. Against all odds, the Permian Basin has become one of the most important Slauson land on Earth boom is reshaping the world's climate economy. Even our geopolitics way are now the number one energy producing in the world. And I'm not gonna lose that. Well, son. Dreams on windows. Yet few understand this place for its people. This is a story of roughnecks and roustabouts, a billionaire wildcatters, wannabe dreamers and full on hell raisers and of average folks, just trying to get a cz. The world around them is turned upside down. Texas monthly an imperative entertainment This is Listen and follow this podcast for free on the I heart radio app number one for music, radio and podcasts. All in one I heart radio here. The top eagle songs that you've summed up Number three. Take it to the limit..

Permian Basin West Texas Earth boom Christian Wallace Andrews Slauson
Elizabeth Wetmore: Valentine

Bookworm

04:36 min | 1 year ago

Elizabeth Wetmore: Valentine

"Today. I'm very pleased and excited. My favorite thing on bookworm is when I'm talking to a first novelist. And it someone whose work I have not previously known my guest on the show today is a booth wet more Beth wet more. Her book is called Valentine. It's published by Harper and it's novel. Beth. Wet more is fifty three years old and this is her first. Book, she's published many short stories in many of the best literary journals, the Kenyon, Review Colorado Review but this is her first time in hardcover. Tell me Beth what feel nights is finally see the book in hardcover. Well. It's all been a little unreal honestly. I worked on the book for a long time and I was ready to have the editor sort of wrestle out of my hands. Honestly I think if if she hadn't wrestled it out of my hands, I'd probably still be tinkering with it to tell you the truth and even now I occasionally spot a sentence or a paragraph that I think, Oh, I'd like to have a do over on that. But on the whole, it's been wonderful and surprising to me I think I. Expected The book to come out very quietly and and so it's been. Marvelous to see how many people have reacted to it in such a positive way and how meaningful it's been to some people. Yes the book has made its debut as number two when it came out on the New York Times bestseller list and it's set where Beth was born in West Texas in Odessa. Now, if you're me, you think Odessa that's near where my family come from in Russia this is Odessa in. West Texas how does it get its name? Well it depends on who you ask You know the they're part of Texas was settled pretty late in the early eighteen eighty s and depending on on what piece of local you believe it was it was named Odessa in part because of the sort of grasslands that that people said resembled the Odessa in Ukraine. And and and that's really been the most sort of certain story I've heard. No was Texas. is known for its. Economy. I'm sure most of my listeners will know this but what is an oil patch? Well. Odessa is in the Permian Basin which is about eighty, six, thousand square miles inside. So and and of course, West Texas and. is is even more vast right than the Permian basin and it's an oil and natural gas rich region of the country I read recently actually that actually until the until the pandemic, it was on pace to outpace Saudi Arabia for the biggest production in world in the next five years That's slow down and been derailed a little bit by the pandemic of course but it's so an oil patches you know a a part of the world where that is the single economy oil and natural gas. It's not a particularly pretty place in the world at least not by most people's standards I think it's beautiful. There's no other way to make a living out there other than working oil and natural gas and Odessa where I grew up on differs slightly from it sort of sister city, of Midland, which is about twenty three miles away in the sense that Odessa's a very working class town most of the people who live and work in Odessa do the. Blue collar work of the oil patch. So they work is the roughnecks and pipe lawler's and fitters and water haulers and That's still even today a pretty male dominated industry women in that part of the world tend to work in support roles as bartenders and waitresses preschool teachers, teachers, that sort of thing So that's where I grew up.

Odessa Beth West Texas Harper Ukraine Permian Basin Colorado Review Editor Valentine Lawler New York Times Midland Saudi Arabia Texas.
Houston - President Trump visits the Permian Basin in Texas

Ground Zero with Clyde Lewis

00:33 sec | 1 year ago

Houston - President Trump visits the Permian Basin in Texas

"Company today in middle in Texas President Trump offering new help to the battered oil and gas industry and your estimated by the Corona virus crisis president issuing permits for new cross border pipe and rail lines with Mexico, not with the president, Texas Republican Congressman Louis Gohmert. He was scheduled to fly on Air Force One but tested positive for Kuroda virus in a pre trip screening go murder, who is known for not wearing a face covering in Congress said it may have contracted the virus from the inside of his master. That's Fox is John

President Trump Congressman Louis Gohmert Texas Kuroda Murder Mexico Congress FOX John
Texas Hospitals Battle COVID-19

The Indicator from Planet Money

07:30 min | 1 year ago

Texas Hospitals Battle COVID-19

"John Henderson President of the Texas Organization of rural and community hospitals. Thank you so much for talking with us. so tell me what if things been like for you? With covert nineteen, so in the early days of the pandemic are hospitals started telling us they were having a terrible time getting p. mask, and gloves and gowns enhanced sanitizer, and so we kinda became a procurement shop for our rural Texas, hospital and most of those supply chains that we would normally lean on were turned upside down, so we were working with nontraditional vendors and middleman like what were some of the channels that you were reaching out to? Your last. Well. The craziest one was a friend of a friend connected me to a guy he knew that had. Literally smuggled them across the Mexico border in had mask in A. Warehouse in east, Austin, and so. I went down there, and he offered me a Tequila shot and we worked out a deal. And from what I understand like distribution, you say destruction, but that was like you in a car. Well maybe not formal distribution, but twenty or thirty friends of ours that had called our office, saying. Hey, I'd love to help you make deliveries. Kind of created this daisy chain of volunteers across Texas where you know, we could get something to abilene and then a friend in Abilene. Get it on up to Lubbock Grammar out west Texas and the Permian Basin. And, then as we kinda develop and got better at it. We were introduced to people who wanted to help. A A really good example is a lady I met named Camilla all this who I didn't recognize the name, but she's actually married to Matthew mcconaughey. And they were great about getting US donated. Supplies, mcconaughey! Yeah. Hey. Yeah And I didn't realize when she said she had a driver ready that it was matthew with A. Truck full of mask ready to go to. Hospitals. And she said I have a driver. Eddie and it was her husband Matthew mcconaughey, who was like liver masks. If you need me to the threat, it's amazing. Talk to me a little bit about sort of how things have changed since the early days as we talk today, most areas of Texas. Are. Reporting Trans that are a little bit problematic and scary. Right because from what I've read and what I understand like Texas was at a a pretty advanced stage of reopening, and then his actually like walked it back. Early on we were will behind other states especially New York, in thought, we managed it fairly well. Most of that worst case scenario forecast did not materialize in March and April, but it certainly has since the Memorial Day holiday I think that actual coca cases in hospital admissions are like four times higher than they were at the beginning of June and I think for the first time over the weekend. We were reporting more than eight thousand cases a day. So it's it's all headed. Definitely headed the wrong direction, and now we've got a statewide mask. Order Oh so everywhere you go. You have to wear masks outside. Everywhere you go in counties with more than twenty cases, which is almost everybody. We're working to try to secure a stockpile ventilators that we can distribute around Texas you know as we see those flare ups and can help them deal with it. The thing that's actually a little bit scary to me is that the urban areas are at or near capacity which means that the rural hospitals are having to keep patients that are a little bit more acutely, ill or higher level of need than they would normally keep, so we're? They would, they would transfer someone who is really sick to a larger urban hospital, which might have more equipment resources. Things like that. That's exactly right. And they're doing that fairly well, but. In, they've got bed capacity. They're just stretched when it comes to staffing, primarily I think the state of Texas actually has sent twenty three hundred nurses to South Texas to try to help them because the hospitals her. You know bursting at the seams. There's been a lot of coverage about the difficult financial situation that a lot of hospitals are in right now. The things that they traditionally made a lot of money off of elective surgeries and clinic visits have been canceled and they've had to make big investments in equipment and staffing other things to prepare for the pandemic rural hospitals operate on a really thin margin, compared to other hospitals often barely make a profit with this surge coming in Texas. Are you worried that some rural hospitals won't make it? Oh, yes. I was worried in April that we might have a dozen rural hospitals close in, I would get multiple calls every day from rural hospitals. CEO's that were saying. We're on the ropes. You know we didn't have any cash and we were maxed out on credit before this thing started. Now we've got you know. Shutdown orders, clinic, visit, cancellations, and no elective surgeries or procedures in. We aren't going to make the next payroll soccer. We're GONNA close. Thankfully in April. They got some significant federal stimulus money that aimed ten billion dollars nationally that rural hospitals and rural health clinics that single funding alone saved half a dozen rural Texas Hospitals Oh. And so a concern of mine as we look at the whatever the next stimulus package be that if if conditions don't change and that doesn't move, then we could. Have you know more rural hospital closures. You could make an argument that like well we. We should concentrate our resources an urban hospitals and they can have like the very best everything. People can just get transferred. Well, that's that's the argument that urban citizens matter more than rural citizens and I believe every Tex Mex and some of these rural communities are literally. From a larger community, so I think I think Cova has actually been a pretty stark reminder of lots access to healthcare in hospital. Capacity Matters. you know I, I know that we wish we had some of hospitals available that have closed in the last few years. I'm wondering I. Don't know just like what your? Takeaway from this whole thing has been. Well. I think it's probably the most consequential six months in my lifetime, and and maybe the most the next one hundred days. We'll be as important as anything we've been through. A since April,

Texas Texas Organization Of Rural Matthew Mcconaughey John Henderson South Texas United States A. Warehouse Mexico President Trump Abilene Permian Basin A. Truck Austin Soccer Camilla Cova Eddie
Oil prices rise ahead of OPEC+ meeting on output cuts

Houston's Morning News

00:15 sec | 1 year ago

Oil prices rise ahead of OPEC+ meeting on output cuts

"Parsley energy is turning oil wells back on just weeks after shutting them off evidence of the shale industry's agility in responding to rising crude prices parsley is one of the first and biggest drillers in the Permian basin to announce a reversal of production

Permian Basin
Historic Oil Bust Delivers A Gut Punch To 1 High-Flying Texas County

NPR's Business Story of the Day

05:30 min | 1 year ago

Historic Oil Bust Delivers A Gut Punch To 1 High-Flying Texas County

"People in the oil business are familiar with the cycle of boom and bust prices. Soar prices plunge but they've never seen anything like twenty twenty when the pandemic abruptly brought prices to record lows even below zero. Npr's John Burnett reports from the Permian basin the heart of oil country in West Texas on a normal day in Andrews County look in any direction and stretching to the horizon. You'll see bobbing horseheads of pump. Jacks sucking up oil from deep in the earth but these are anything but normal days right. Now it's scary honestly Linden pertain. A well technician standing in Mesquite. Scrubland that overlays. What experts call a Monster Oilfield? We drove out here. Usually you'd see you with all these good wells. That historically have done a lot of production. They would usually all pumping and kind of looks like caterpillars all running across the landscape. You know and that's not happening right now. All across the vast permian that straddles West Texas and southeast New Mexico. Wells have been shut in in the Argot of the oil patch. American oil companies are pumping a million fewer barrels a day than were just two months ago. According to the Energy Information Administration all the big players out here Exxon Mobil Chevron conaco Phillips have slashed for Andrews County. The effect has been cataclysmic. The county is considering layoffs and the city of Andrews will hold off repairing streets and building a new city hall when you have a community that receives about eighty five to ninety percent of their tax revenue for minerals. It's a serious threat. County Judge Charlie Falcon follows the news. And here's about other cities. Taking a hit from closed. Businesses and Hospitalizations Andrews has had only twenty one cases of covert nineteen and most people have recovered. Nonetheless was Texas is getting a double dip of trouble. Not only do. We have all drop. We have corona virus. And we don't know how long it's going to stay around. You know what people not working not been able to shop not being able to you now sell oil Creates SERIOUS PROBLEM FOR US? Bob Stewart's welding and machine shop. His lost half its business amid the paralysis in the oil patch. A few jobs keep trickling in stewardess Paul and lumbering and jovial. He's done this for nearly forty years. He survived downturns before. But he says he's never seen demand if that rate like this whole world. There's no airplanes fly. There's No car driving cruise ships cruising. There's no summer vacations. Golic's we're producing a lot of oil for a world. That's not using not consuming Bob Stewart is grateful that he has not had to lay off any of his hundred ten employees. He got more than a million and a half dollars through the federal government's paycheck protection program. But that's not going to last forever. It's kind of nine eleven you over. You know what I don't know what it looks like. What comes out. The other side is going to be different with more than twelve thousand active whales in Andrews County. Hydrocarbons have been good to this community. There's an air conditioned Rodeo. Arena a waterpark and new little league baseball diamonds. The schools have a planetarium and an Olympic sized swimming pool. All over town. Grieving motorcycles and ski boats are parked in driveways and behemoth pickup trucks. Roar Down Main Street though the one two punch of the pandemic and the oil bust have left the region staggering. It should not have come as a complete surprise. Every oil addicted town has been before I've been interviewed by the media three times and every time it's when Andrews is on the map for some dubious reason with the Economy Russell Shannon President of the National Bank of Andrews says established companies. That saved for a rainy day. Will weather this bust a lot better than others as I. Try to tell some the younger ones when they try to get in the business. There's a storm cloud out there just because you don't see it today doesn't mean there's not one on the horizon. I mean we've just historically we've seen it too many times. The oilfield workers with six figure salaries thought it would never end. Even though it always does Mighty O. Fernandez was laid off three weeks ago. As a workover rig supervisor now he's realizing just how good he had it. While I've noticed so much didn't realize how much I spent when I was at work breakfast lunch. Taking guys out to buy food. You know of course you want to you know. Give your guys. Hey good job in here here. Some steaks baked potatoes or something for doing you know working to butts. Fernandez sits on his front stoop and Andrews having a smoke and catching the night air after a scorching hundred and four degree day. Now he stays home helps his teenage son with his homework and he tries to keep a positive attitude. I used to worry a lot The Bible says not to worry about what tomorrow because we don't even know we're GonNa make it more so I just have faith and just believing that it's GonNa come back together. The question is when and how long folks can hold out John Burnett. Npr News Andrews Texas.

Andrews County Andrews Bob Stewart John Burnett Texas O. Fernandez National Bank Of Andrews Mesquite Linden NPR West Texas Technician Twenty Twenty County Judge Energy Information Administrat Exxon Mobil Chevron
How a drop in oil prices today could fuel tomorrow's energy transition

Climate Cast

03:58 min | 1 year ago

How a drop in oil prices today could fuel tomorrow's energy transition

"Oil prices take a roller coaster. Ride I'm NPR. Chief meteorologist Paul Hotter here with climate. Castor oil prices fell below zero this week as much of the world shelters in place but the pandemic may also feel a six percent drop in greenhouse gas emissions. This year that's the biggest drop emissions since World War Two. So what does it mean for greenhouse gas emissions and energy as we rebuild the global economy marketplace correspondent Scott? Tong focuses on climate and Energy Scott. Welcome to climate cast. Paul needs to be with you so oil prices dipped into negative territory this week and then they spiked again. Put this into perspective. What's going on with the oil market so demand for the world's oil which until now had been kind of steady by one hundred million barrels of oil every day worldwide. That's fallen by thirty percent and now markets are Kinda flipping out trying to adjust to this whatever you call it. This pandemic normal were in now. Scott the lack of oil demand is also translating into a reduction in greenhouse gas emissions the world meteorological organization now predicts a greenhouse gas emissions will be down about six percent this year and the UN estimates global emissions must fall by around seven and a half percent every year from now until twenty thirty to stay within that one point five degrees Celsius goal on global temperature rise. How can we keep some of these emissions cuts and get the economy working again? I think there are opportunities in. There are also some challenges here. We've lost one in twenty million jobs you know. That's about one. Out of eight of us in the workforce so something has to change but the opportunity is to lock in some telecommute. You know we've learned that a lot of us can do most of our jobs Without having to commute to work there also might be an opportunity as far as our use of oil in the market right now. A lot of oil companies are in tough shape and so they're not investing in finding more oil. So what happens down? The road is if they don't find as much in demand comes back then. The kind of won't be enough in prices are GONNA go up. Then that makes it more affordable to find cheaper greener option. Say to buy electric vehicles and that kind of thing. I understand that if you shut off a well it's not easy to bring back on. Can that push markets in a cleaner greener direction right now in the oilfields of West Texas? They don't make money at the price where it is now. And so those wells are shutting down and a lot of other places that's happening to and for the older oil wells right. They need pressure from underground bringing oil. Backup and if you turn it off. In some cases it doesn't turn back on if oil. Some of that oil has to stay in the ground. Then we kind of have a scenario like Europe right where we're gasoline is just expensive by policy and in places where gasoline at tends to be more expensive greener options become much more affordable and we've seen renewable energy jobs booming. We know that climate solutions can produce jobs. Of course now. We see the oil sector jobs in kind of a bus cycle. So are we likely to see more job shocks and transitions going forward? As our energy balance changes we've seen a lot of oil jobs disappear already. I've done some reporting long distance reporting talking folks in the Permian Basin in West Texas where there had been a lot of energy jobs in those drying up pretty quickly so there are going to be winners and losers in every kind of transition for sure. The job search going to migrate to the industry's tomorrow. Marketplace correspondent Scott Tong. Thanks for sharing your perspective on climate cast today. Of Course Ball. Nice to be with you. That's climate cast. I'm NPR chief meteorologist Paul.

Scott Tong Paul Hotter Chief Meteorologist NPR West Texas Europe UN Permian Basin
What's happening with the oil markets?

Clark Howard Show

08:12 min | 1 year ago

What's happening with the oil markets?

"I WanNa talk about something that has confused people no end and that is what's going on with the oil markets which is causing the stock markets around. The world. Have a really really rough time. So here's the scoop and we alluded to this on the show. Last week is that it was possible. That oil would go negative that people would actually have to pay to have somebody take their oil. And that's an oversimplification. But the way commodities markets work is people buy and sell contracts on futures exchanges where they're guessing what the value is. Something is going to be the next month months down the road. And what's happening with oil right now? Is there such an enormous oversupply that nobody wants it? People who own the contracts or essentially having to pay people to take them over and so we have had a double whammy first. We had the thing that Putin so successfully engineered that massively over produced oil from Russia and then intern from Saudi Arabia as demand for the products that come out oil gasoline and the others fell off a cliff because of all the sheltering in place around the world what. Putin has been trying to engineer is to destroy the US energy market the US energy market had become the world's largest and the situation for us different than Putin and Russia and the Saudis. And some others is that costs us more to produce each barrel of oil using principally hydraulic fracking than it cost to get it easily. Accessible reserves that the Russians and the Saudis and some others can get too so hydraulic fracking costs. More to do then. Most any other method of producing oil out of the ground or pumping it out of the ground and so it normal prices for oil. Our producers are marginally profitable to not really highly profitable but enough they can make a living what Putin saw was an opportunity to destroy the some of the economic strength of the United States and to create more market share for Russia's oil. And so he's been able to do both by pumping way in excess. The amount of oil needed in the world make no mistake dictator. Putin is dedicated to harming the United States. That's what he's always been about. That's who he was when he was with the KGB when it was still the Soviet Union. And that's what he's still about so where we sit today is the effects of what. Putin unleashed has essentially worked and now the world is so awash in oil that the problem is nobody knows if we're going to have any place to store the excess as a result you're going to see one oil exploration company after another and one oil producer after another in the United States. Go Bust and that's what he wanted to do and that's happening now. Historically when that's happened the oil industry in the United States has always been a boom and bust industry. Putin's victory will be short-lived because even as companies get cleared out as competitors when oil's price recovers as people around the world more or less eventually. Go back to work. The oil price will get to a point where players will get out there and start exploring and producing oil out of the ground again in the United States. So right now. This is really hideous with taxes as I read one story in forget if it was the Houston Chronicle or the Dallas Morning News both follow the oil industry so much particularly the chronicle. Does that Texans think of themselves as energy producers not necessarily one particular type of energy and already in the Permian basin the core of where hydraulic fracking has been so successful. Companies are pivoting to producing energy from solar because the Permian Basin is one of the best places in the United States to efficiently produce sewer and it's extremely profitable to do so there so no that one of the things about American capitalism is when one door closes. American entrepreneurs are willing to take a risk on another. And I think you're going to see that the big pivot in Texas in West Texas is going to be the sole were for now. But let's talk about what this means to you and me and our wallets so the last trade for an a gallon of regular gasoline at wholesale spiff four cents the effective. That is that around the country. What we pay for gasoline once people start going back to work and get on the roads and more normal numbers. The savings to your wallet operates like a big tax cut so this is a complicated thing in that a sector of the. Us economy energy production is taking a body blow. You and I as consumers have been just eaten alive by Corona virus but there is a dividend for us as consumers is. We'll go to fill our vehicles. Is We go through months of trying to recover from Corona virus? We will pay much less for the fuel we put in our tanks. There's lots and lots of things that the United States can do to strike back at the Russians not militarily but economically and one. That may be confusing. But you'll likely hear more over the next. Few weeks is having a very high tax on oil imports since we have such a massive supply in the problem is a price side problem with no demand out there that if we create a price disadvantage for the Russians with the oil that would maybe flow into the United States. It provides a bit of protection our producers. The problem is that creates a conflict between what works best for you and me as consumers which is having a lower price per gallon of gas and then the other side what works best for the producers which is to have some protection from the hideous actions of dictator Putin.

Putin United States Russia Permian Basin KGB Saudi Arabia Soviet Union Houston Chronicle Texas Intern Engineer
WPX Energy expands in Delaware basin with $2.5 billion Felix deal

Houston's Morning News

00:14 sec | 2 years ago

WPX Energy expands in Delaware basin with $2.5 billion Felix deal

"And W. P. X. energy agreed to buy rival oil producer Felix energy for about two and a half billion dollars to expand in the Permian basin Felix has about fifteen hundred undeveloped locations in the eastern portion of the permanence Delaware

Delaware Felix Permian Basin Felix Billion Dollars
As Oil Prices Drop And Money Dries Up, Is The U.S. Shale Boom Going Bust?

NPR's Business Story of the Day

03:55 min | 2 years ago

As Oil Prices Drop And Money Dries Up, Is The U.S. Shale Boom Going Bust?

"All right the S. and P. Five hundred hit another record high. This week it's up almost twenty five percent for the year but but the SMP's index of oil and gas stocks. This is down more than twenty percent. It's a sign of trouble for this country's oil industry Darius Roffe on has the story some of the most successful companies in the oil business business are household names thing Exxon Mobil or Chevron but the boom in shale drilling that has helped turn the US into the world's largest oil producer that that has been driven by smaller independent operators companies that have pushed the limits of drilling technology and taking big risks on unproven oilfields today day shale accounts for about two-thirds of US oil production and nearly all of the industry's growth but many of the companies that made that growth possible are now struggling to stay stay afloat. David Dacko bomb analyst at Investment Bank. Callan says that has a lot to do with the business model of US shale. This isn't industry. The you know for every dollar that they brought in they would spend two for years. Operators focused on drilling lots of new wells very fast prioritizing explosive growth over profitability. And until now now they've been able to rely on deep pocket. Investors who are willing to pour fresh capital into the industry despite years of lackluster returns. It's a story that may be familiar to anyone. He's been following the tech industry in recent years. Dekel bomb compares it to a kind of prospector mentality. There's a lot of romance I think. Because there's always this idea of this this brand's new play. That's going to have billions of barrels of upside. And if you know you can just get in early than it will pay off in the long run. Of course oil has always been a boom and bust I industry in two thousand fourteen for instance a catastrophic price crash left the industry reeling but even then billions in new investment flowed into US shale today today shrinking global demand for oil is driving the price down once again. What's different this time around? Investors no longer seem willing to write the industry a blank check. I think now. Oh you've seen a lot of pressure of we want you to be a real business. Your cost structure is too high. You have too much that I'm not funding. You're drilling anymore with external capital. You have to live within your means without access to fresh cash. Many producers are pulling back on new exploration. The number of rigs drilling for new oil is at its lowest point in two years. That's bad news is for people like Ron Fountain who works on a drilling rig. In the Balkan Shale of North Dakota. He thinks back to a few years ago when the price of oil was over. One hundred dollars a barrel and companies. These were drilling with abandon. That's when we were still booming. There was rigs coming out every month. We couldn't keep up. There were so many so much work going on today. Though with more and more rigs sitting idle life has become uncertain for fountain and his fellow. Drillers we went from having you know three year contracts to well to well contracts which means you drill one hole and if you did a good job then they'll give you another one or may drop you and we gotta figure it out from there and he's not the only one feeling. The Pinch Halliburton one of the biggest players in. US shale drilling has laid off nearly three thousand workers in the Permian Basin. The country's trees most prolific oilfield employment has almost completely stalled out. That's after going more than eleven percent last year. Meanwhile many of the smaller producers who loaded up on debt are struggling to pay it back leading to a wave of bankruptcies more than three dozen so far this year all of this adding up to slower oil output data from the department energy shows that production was flat in the first half of twenty nineteen after growing more than twenty percent last year in theory as production slows and supply shrinks. The price royal should go back up which could provide a much-needed boost. The question. Says Ron Fountain is how many companies will be able to survive. Until then I think as an industry we're we're GONNA be okay but I think there's a lot of people That are kind of holding their breath.

United States Ron Fountain Darius Roffe David Dacko Exxon Mobil Analyst North Dakota Callan Halliburton Chevron Permian Basin Twenty Percent One Hundred Dollars Twenty Five Percent Eleven Percent
Why Oil Stocks Are Tumbling Today

MAD MONEY W/ JIM CRAMER

01:32 min | 2 years ago

Why Oil Stocks Are Tumbling Today

"So what gives you a better reader things other to fill you in right here right now? So you know exactly what's going on in bizarre world? I it's well for years, stocks would rally whenever oil went higher higher, because it was viewed as a proxy for the healthy economy. What's still true? But now, the bulls want a weaker because pal so low places like we had today are good news for stocks when the price of crude gets club ruling it justifies some rate, cut the bulls don't care where the world's going down because the excess supply, even though I believe that's the case. You know what I keep thinking about that interview? We have a scholarship field. The dean of oil CEOs, he's a pioneer net who told us that the Permian basins producing an amazing amount of well right now roughly a decade ago when US position six. Barrels a day Sheffield came on this show and told us, we double that number by the turn of the decade. No one believed him. Well, sure enough, the US now BRUCE'S twelve million barrels a day in Southfield pre except soon we'll go to seventeen million no one's pretty but the oil markets reflecting. And if it happened, it will wreck do market right here right now, even as for thinking that we're so far away from it doesn't work like that. It for sees this and oil Bodley's already entered a bear market. It's now down more than twenty percent from the April highs. So that's good. In other words told her on the fossil fuels pleased that millennials don't like this. In other words, it probably is not done going down because there's less demand from historic Connie. It's be hit by supply glut, too, but the bulls don't care for them. It's all about plumbing oil prices as an exhibit of why the fed must cut rates because it says the economy is we

Bulls United States Sheffield Permian Southfield Bodley Bruce Twelve Million Barrels Twenty Percent
In the Permian Basin, A Fight for Anadarko

WSJ What's News

03:37 min | 2 years ago

In the Permian Basin, A Fight for Anadarko

"The battle between Chevron and Oxydental for Anadarko petroleum is a fight for more control over the lucrative Permian basin in west, Texas and New Mexico. Joining me now, the escape from Houston with more on what's at stake. Is Wall Street Journal reporter Rebecca Elliott, Rebecca, let's get up to speed on. These rival bids between Chevron and Occidental lots been happening in the past few weeks. Anadarko is now considering offers from both of them. Yeah. Exactly. So and Darko is currently considering bids from both accidents and Chevron Chevron made the initial deal with Anadarko earlier Nate brawl, but Occidental responded with a higher bid and has even changed the terms of that did as recently as yesterday. And so it's still in the hands of the the dark board at the moment. And let's talk about the Permian basin. This is an area where growth has really exploded. Added and a statistic you have in your piece production. They are now makes up about a third of the United States. Crude output, that's an enormous amount. What has fueled growth there? The Permian is so attractive for shale drillers because it is the least expensive place to produce oil by fracking in the US. And so as shale drilling has taken off producers have can afflict to the Permian as a really attractive place to be. And it is so prolific because it is both incredibly large spanning much of west, Texas and eastern New Mexico and also because it has these layers of oil bearing rock stacked on top of each other that allow producers to reach multiple layers from a single spot on the surface. So big oil companies are definitely a. Presence in the Permian basin including Chevron and Occidental, but they're also plenty of other smaller players there to how has that composition changing. So the smaller players were really the ones pioneered horizontal drilling and hydraulic fracturing in the Permian. They were the ones who experimented kind of signed tuned. How to produce oil there and more recently, the majors like Exxon, Chevron have stepped in and tried to be fought their positions, as you know, it's become more advantageous to have scale in the Permian. And it allows you to optimize a lot of the logistics associated with oil and gas production. If you are bigger have more continuous acreage. And so we're seeing really a push to to get bigger right now, and how would Chevron or Occidental acquiring Anadarko change the makeup of the Permian. Listen, even more so Anadarko 's acreage is kind of in the middle of both Occidental's and chevrons acreage. And so for either party acquiring the company would give them more of a foothold allow them to increase production, and they both say achieve the kinds of efficiencies that you get with being larger. That's Wall Street Journal reporter Rebecca Elliott joining us via Skype from Houston with more on the Permian basin. Rebecca, thank you so much. Thanks so much for having.

Chevron Permian Anadarko Chevron Chevron Rebecca Elliott Occidental Wall Street Journal Reporter Houston New Mexico Texas United States Nate Brawl Darko Exxon
Occidental Raises Cash Portion of Anadarko Bid as It Pushes for a Deal

Bloomberg Daybreak: Asia

00:50 sec | 2 years ago

Occidental Raises Cash Portion of Anadarko Bid as It Pushes for a Deal

"Occidental Petroleum is raising its bid for on Darko petroleum to seventy six dollars per share. Now, this will be a mix of stock and new shares his company is trying to beat out rival Chevron for control of Anadarko at the same time Occidental says if it were to win. Win. It now has an agreement to sell Anadarko assets in four African countries to the French oil giant towel. We have more on that from Bloomberg's Denise Pellegrini Occidental has struck a contingent deal with total to sell assets in ALgeria Ghana Mozambican, South Africa for eight point eight billion dollars. That's as Occidental is in Darkazanli sets in the Permian basin of west, Texas and New Mexico. Instead the goal is getting the attention of Berkshire Hathaway Warren Buffett's company as greet to inject ten billion dollars in preferred equity Occidental to help finance an Darko

Denise Pellegrini Occidental Occidental Petroleum Occidental Darko Berkshire Hathaway Warren Buff Algeria Ghana Mozambican Anadarko Chevron Bloomberg New Mexico South Africa Texas Eight Billion Dollars Seventy Six Dollars Ten Billion Dollars
Denise Pellegrini Occidental, Occidental And Anadarko discussed on Bloomberg Daybreak: Asia

Bloomberg Daybreak: Asia

00:45 sec | 2 years ago

Denise Pellegrini Occidental, Occidental And Anadarko discussed on Bloomberg Daybreak: Asia

"Well. Occidental Petroleum is raising its bid for Anadarko to seventy six dollars a share. It's a mix of stock in new shares as it tries to beat out rival bidder. Chevron in the meantime, Occidental says if it wins it has an agreement to sell Anadarko assets in four African countries to French oil giant, total more on that from Bloomberg's Denise Pellegrini Occidental has struck a contingent deal with total to sell assets in L. Julia Ghana Mozambican South Africa for eight point eight billion dollars. That's as Occidental's Anadarko zest. That's in the Permian basin of west, Texas and New Mexico. Instead the goal is getting the attention of Berkshire Hathaway or in Buffett's company greet to inject ten billion dollars in preferred equity and Occidental to help finance an end Darko.

Denise Pellegrini Occidental Occidental Anadarko L. Julia Ghana Mozambican Sout Berkshire Hathaway Chevron Bloomberg Darko New Mexico Texas Buffett Eight Billion Dollars Seventy Six Dollars Ten Billion Dollars
"permian basin" Discussed on KTRH

KTRH

02:16 min | 2 years ago

"permian basin" Discussed on KTRH

"And I'm your host Kimball lotto today, we have a live show going on our guest today is car Ingham who is petroleum economist with the Texas alliance of energy producers and car before the break, we had a wonderful caller Joseph asking a very timely question about really big news. That's been really all over worldly. Big by in the Permian basin. And you know, we are actually scheduled to have a show around that too in which will be talking directly to them. So a lot of exciting things happening out there in the Permian basin would agree. The most exciting place in the country in terms of gas business. Again, the Permian has just really flexed its muscle in recent years, and probably as we sit here today owing to a couple of factors. It's probably the of the the largest single producing oil field on the planet right now. Granted it's not necessarily the biggest one because guar and Saudi Arabia. It's now producing again as we sit here today less crude oil in the Permian some of is probably intentional however because of this ought to use and OPEC's pullback on production. So it's not producing full capacity. But just the fact that we're talking about the possibility that we're talking about the Permian basin, the Texas and that global scope of that it is on the way to becoming potentially the largest single oil field on the planet. There is a lot of interesting stuff going on out there. It's it's mind boggling in many respects you. Can hardly get your arms around all of that. I I couldn't agree with you more. And also wanna cover car, you're an economist. Yes, we know that, but you cover things outside of just anything pertaining to the economy you can cover things like water issues in air. So I want to encourage our callers to call in and just kind of ask questions period. But let's get to our next caller. Who is David David black man as everyone knows is the famous editor of show magazine. David welcome to in all patch. Yes, you're famous..

Permian basin David David Texas Saudi Arabia Ingham OPEC Joseph editor show magazine
Big Oil Companies Plan to Boost Production in Permian Basin

WSJ What's News

03:26 min | 2 years ago

Big Oil Companies Plan to Boost Production in Permian Basin

"Big oil companies are boosting production in the Permian basin. Both Chevron and Exxon Mobil have big plans in the coming years. Joining me now in our studio to talk more about the growth. There is Wall Street Journal reporter Bradley Olsen, Bradley, the Permian basin in Texas and New Mexico has led to an oil boom in those areas mostly driven by growth in hydraulic fracturing in the region. Tell us a little bit more about the growth there in recent years. Will the growth in the Permian basin has been tremendous. I mean, I think it's approaching almost four million barrels a day, which if you were to rank that area along with OPEC nations, it would exceed or be close to being able to exceeding Iran and Iraq. So I think a lot of people because it sort of west, Texas and New Mexico somewhat rural just something that people may not pay that much attention to the growth. There has really been surprising and tremendous ample, Chevron Exxon Mobil have recently details plans to expand in the area. What can you tell us about what they are planning? So Chevron is about double its production in the next five years and Exxon. I think is probably going to do the same the guidelines. They've given I guess by about twenty twenty-five each company will be producing a million barrels of oil and gas day and to give you some context on that, you know, right now each company, you know, that that would make up about a third of chevrons total production. If that were true right now an excellent that'd be about a fourth of their total production. So it's a major. Shift to the United States and to sort of North America that's going on with some of these big companies, and it's also somewhat unprecedented. One field for one company to have a million barrels a day. It's totally unusual, and it sort of reflects this push that a lot of the bigger companies are finding that they can get, you know, good profits. Good returns from the Permian basin, or they hope they can I guess you could say, and it's an opportunity where they have a lot of land. And and they feel like this is one of the most stable areas where they can operate, and we know that big oil companies did very well in twenty eighteen but what does their expansion, particularly in the Permian basin mean for those smaller companies in the region will in many cases, there there could be a squeeze, you know, if you have these big companies that are growing at a huge rate. They're going to be able to lock up pipeline space labor contracts, all kinds of things will be easier for them because of how big they are. And also because of the way that these big oil companies kind of go about their business, you know, Chevron the Chevron CEO. Oh, told us in an interview that they have, you know, they've reviewed twenty-five thousand wells, and they created this sort of massive development plan, which, you know, the includes kind of the optimal spacing how far well should be spaced apart all these kind of things, and so they're going about this in a very meticulous kind of programmatic way that is is designed to make money and a lot of the smaller companies, I think will face cost pressure because of that. And then a lot of them to have found it to be difficult. They've tried to undergo a shift focusing more on on returns making money and kind of having fracking be about profit before. Now, it's really been a lot about growth. How much can I grow production every year? But investors are saying, hey, it's it's time for this to make money. We're you know, we're twenty years in we've been waiting a long time you need to make money now. And so as they've kind of gone through that shift a lot of them have not performed as well, as I think many people would have expected based on the way they said expectations overall. What do these projections that Chevron and Exxon Mobil are making? For the coming years.

Chevron Permian Basin Chevron Exxon Mobil Exxon Mobil Exxon Texas Wall Street Journal New Mexico Bradley Olsen Opec Reporter North America United States Iran Iraq CEO Million Barrels Four Million Barrels