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.
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.
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.
Though some will reap serious profits, the region’s dealing with skyrocketing rents, overcrowded schools, and potholes as big as VW Beetles.
The state’s biggest industry finds itself in an unusual position: facing landowner-friendly reforms at the Texas Legislature.
Association report says Permian oil production provides 45 percent of the output from the Lower 48.
The oil industry cheered news Wednesday that the tiny lizard will not be added to the endangered species list.
As the drought tightens its grip on Texas, its effects are being felt everywhere, from rivers to reservoirs to the formerly verdant lawns of Midland.