Pioneer CEO Scott Sheffield has been through more ups and downs than just about anyone in the business. This bust, he says, will change everything—forever.
Energy
After the oil bust, wind and solar energy might be the Permian Basin’s best hope.
Christian Wallace talks to some familiar faces from the Boomtown series in an attempt to understand what happened on April 20, 2020—when oil prices went negative for the first time in history.
On a special edition of the National Podcast of Texas, the West Texas native and former roughneck explains this week’s record-setting price plunge and weighs its long-term impact on the state’s once-thriving energy business.
Producers, who failed to anticipate how quickly storage would fill up this month, are now scrambling to turn off the taps—at least those who can.
The ultra-conservative financier wants the government out of the pandemic business, but is open to a bailout of the oil industry.
And they've been dangerously slow to respond to the coronavirus.
One energy company allegedly working with the drag star is based in Texas.
Surprising statements by oil industry leaders have grabbed headlines. But the bigger change is underway more quietly, among young Republicans.
Get those $400 fajitas while you can, because Houston's boom is over.
Record-breaking oil production in the Permian Basin has brought the boom to the Big Bend's doorstep for the first time. Is it too late to save this pristine landscape?
No oil and gas baron since John D. Rockefeller has made more of an impact on society than George P. Mitchell. But this son of poor Greek immigrants who died a billionaire wanted to leave a legacy beyond oil and gas.
Christian talks with renowned business writer Bethany McLean about how the finances of fracking aren't what they're cracked up to be.
The uneasy alliance between ranchers and the oil industry goes all the way back to the early wildcatting days in West Texas. But today, that relationship is more fraught than ever.
During booms, the Permian Basin sees a rise in prostitution charges. But misperceptions and stereotypes about sex work have led to policies that may actually harm the women involved.
We explore a different kind of boom in the Permian Basin. Meet the women working at a lingerie coffee shop, a “breastaurant,” and two area strip clubs.
Working in the oil patch is incredibly dangerous. But March 10, 2015, brought unimaginable tragedy for one Andrews family.
A devastating bust transforms the Permian from the promised land into a wasteland.
The Santa Rita oil well, named after the patron saint of impossible dreams, launched the first Permian Basin boom and has been fueling the dreams of West Texas wildcatters ever since.
In the first episode of our new podcast series, host Christian Wallace takes us back to his hometown in the Permian Basin, which is nearly unrecognizable to him today. We meet a few of the people whose lives have been upended by the biggest oil boom in U.S. history.
Our new 11-part series takes you inside the rugged Permian Basin of West Texas, where roughnecks and billionaire wildcatters are fueling a boom so big it’s reshaping our climate, our economy, and our geopolitics.
When his Houston-based company was on the ropes, George Mitchell pushed his engineers to resuscitate a declining North Texas gas field. The solution they came up with transformed the world.
On this week’s National Podcast of Texas, the author of ’Superpower’ outlines the state’s pioneering role in America’s transition toward fossil fuels alternatives.
’Wall Street Journal’ reporter Russell Gold’s new book, ’Superpower,’ crafts an engaging narrative of one man’s quest to modernize the American energy business.
The state’s biggest industry finds itself in an unusual position: facing landowner-friendly reforms at the Texas Legislature.
Welcome to the Permian Basin, home of the hottest oil play in the world.
In her new book, Bethany McLean explores the unstable financial future of fracking.
During a summer with record heat and record power usage, supply is keeping up with demand.
The current head of the Department of Energy gave his alma mater a $2.5 billion gig, and they beat out rival UT’s bid.
"We need more women to tackle the energy transition and tackle the biggest challenges we face: climate change, energy poverty, and good infrastructure."
"As a woman, you can’t put yourself in a bad position. One day, a foreman asked me to ride down with him to where they were drilling a deep gas well, about 45 miles away. I didn’t any more want to go than a man in the moon, and I should have said it, but I was thirty years old, and I didn’t know how to say that. I felt like I would be hurting my work opportunities."
The energy secretary outlined the Trump administration’s new direction at an oil and gas conference in Houston.
Some observers fear the tariffs could slow the industry's rapid growth.
We recommend this gripping piece on the boom-and-bust cycle for your weekend longread.
Plus: power reserves dip from coal plants shuttering and Austin commands the cheapest solar.
States and cities that do not create adequate "adaptation and mitigation strategies" may face tarnished credit ratings, Moody's warns.
In recent months the West Texas oil town has smelled, in one resident’s words, like ”a dog’s anal gland.” And no one is 100 percent sure why.
In recent months the West Texas oil town has smelled, in one resident’s words, like “a dog’s anal gland.” And no one is 100 percent sure why.
Plus: Texas installs quite a few solar panels, CenterPoint Energy has a gas outage in Northeast Texas, and pipeline companies worry about their tax break.
The Dallas-based company, which owns a major stake in the Dakota Access pipeline, is seeking $1 billion in damages.
Part of the Climate Mayors organization, the leaders are striving to meet goals stated in the Paris Agreement.
As wind energy takes a central role in the Texas grid, ”wind rights” are the new mineral rights.
Oil and gas companies get a pass-through provision from Cornyn; wind energy companies may have a harder road ahead.
Rick Perry returns from Saudi Arabia, Sen. Cornyn slips a little something nice for big oil into the tax bill, and Exxon opens its first gas stations in Mexico.
Transportation edged out electricity as the biggest source of carbon emissions last year in the United States.
The date is the anniversary of an important court ruling for oil industry employees.
Scientists at UT predict that by 2019, the state will get more energy from wind than coal.
Plus: Wind power soars past coal in Texas, T. Boone Pickens puts his giant ranch up for sale, and former Exxon CEO Rex Tillerson is on his last legs as Secretary of State.