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.
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.
The ultra-conservative financier wants the government out of the pandemic business, but is open to a bailout of the oil industry.
The energy industry regulator heard arguments on implementing proration in Texas for the first time in half a century. And the meeting got heated.
It sounds like a sweet deal, but it doesn't make sense for the Bayou City.
Don’t be fooled by claims of economic diversification—the city still runs on oil.
Let’s not overreact, but let’s not underreact either.
Can Texas’s oil and natural gas boom keep going forever?
An entrepreneur captures customers in public rest rooms. A high-tech plant moves from oil to medicine. Space and biomedical manufacturing are finally off the drawing boards. And a former union boss becomes a bingo mogul.
This story is from Texas Monthly’s archives. We have left it as it was originally published, without updating, to maintain a clear historical record. Read more here about our archive digitization project. Once Texans thought the boom would never end. Then they thought the bust
Despite all the mewling from the oil patch, there are still ways to make money at $15 a barrel. Here’s our guide to surviving the terrible teens.
At a time when Texas seems to have lost its gift for creating fortunes, there has emerged a group of entrepreneurs who are making money by catering to the needs of people who are going broke.