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Keyword: permian

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  • Biden Takes Aim at America’s Largest Oil Field, Threatens to Stop Production, Sending Gas Prices Soaring

    06/30/2022 8:31:21 AM PDT · by AT7Saluki · 100 replies
    Gateway Pundit ^ | 6/30/22 | Michael Robison
    The Environmental Protection Agency (EPA) is preparing to cite the United States’ largest oil field for violating ozone pollution standards, a move that will threaten the end of oil and gas production in the region. According to the Texas Governor’s Office, the proposed regulations will directly affect the Permian Basin, the largest oil field in the United States, accounting for 95,000,000 gallons of gasoline per day or 40% of the oil produced domestically.
  • Lost fossil ‘treasure trove’ rediscovered after 70 years

    06/26/2022 10:47:15 AM PDT · by SunkenCiv · 16 replies
    Live Science ^ | June 24, 2022 | Harry Baker
    Scientists have finally rediscovered a lost fossil site in Brazil, after the researchers who originally discovered it 70 years ago were unable to retrace their steps to the remote location...The rediscovered site, which is known as Cerro Chato, is located near Brazil’s border with Uruguay in the southern state of Rio Grande do Sul. Around 260 million years ago, towards the end of the Permian period (299 million to 251 million years ago) conditions at the site were ideal for trapping and preserving dead organisms. As a result, multiple rocky layers at Cerro Chato are chock-full of delicate fossils —...
  • 300 million-year-old fossil skeleton in Utah could be the first of its kind

    11/05/2021 11:11:55 AM PDT · by Red Badger · 31 replies
    CNN ^ | November 5, 2021 | By Sherry Liang
    An approximately 300 million-year-old fossil skeleton discovered at Canyonlands National Park in Utah could be the first of its kind, researchers say. © Adam Marsh/National Park Service The fossil discovery at Canyonlands National Park was a rare intact skeleton. The exact species and classification have yet to be determined, but the fossil is a tetrapod -- meaning animal with four legs -- and could be an early ancestor of either reptiles or mammals. Paleontologists have determined the fossil could be anywhere from 295 million to 305 million years old, between the Pennsylvanian and the Permian geologic time periods.
  • EXCLUSIVE Chevron to sell swath of Permian assets valued at more than $1 bln -sources

    06/30/2021 7:46:21 PM PDT · by BenLurkin · 24 replies
    Reuters ^ | June 30, 2021 | Arathy NairShariq KhanJessica Resnick-ault
    Initial bid proposals were due by June 10, with a planned July 1 sale date for the larger package. The assets are operated by Chevron and Occidental Petroleum Corp (OXY.N) and span 57,000 net acres (231square kilometers) with production of about 10,100 barrels of oil equivalent per day.
  • Researchers Unearth the Past to Solve Ancient Mystery

    02/11/2017 9:17:58 PM PST · by nickcarraway · 36 replies
    NBC DFW ^ | Feb 11, 2017 | Kevin Cokely
    Several complete skeletons hint at sudden, mass extinctionResearchers from the Whiteside Museum of Natural History in Seymour are unraveling an ancient mystery. "This is life," said Coleton Caldwell, assistant director of the museum. "The first time life is living on land, solely on land, and it's still trying to figure things out, you know? What works, what doesn't work? So it's just really, really, really unique." Working southwest of Wichita Falls, near the shore of Lake Kemp in Baylor County, the researchers have uncovered the skeletal remains of seven dimetrodons. The mammal-like finback reptiles roamed parts of North Texas 60...
  • Evidence of hibernation-like state in Antarctic animal

    09/06/2020 7:03:50 PM PDT · by SunkenCiv · 13 replies
    EurekAlert! ^ | August 27, 2020 | Harvard University, Department of Organismic and Evolutionary Biology
    ...scientists at Harvard University and the University of Washington report evidence of a hibernation-like state in an animal that lived in Antarctica during the Early Triassic, some 250 million years ago. The creature, a member of the genus Lystrosaurus, was a distant relative of mammals. Lystrosaurus were common during the Permian and Triassic periods and are characterized by their turtle-like beaks and ever-growing tusks... Lystrosaurus arose before Earth's largest mass extinction at the end of the Permian Period... and spread across swathes of Earth's then-single continent, Pangea, which included what is now Antarctica... Today, paleontologists find Lystrosaurus fossils in India,...
  • Mollusks likely caused world's worst extinction

    07/30/2007 5:38:23 PM PDT · by roaddog727 · 105 replies · 2,466+ views
    MSNBC ^ | 30 Jul 07 | Charles Q. Choi
    The rise of mollusks across the globe was a harbinger of doom roughly 250 million years ago, ushering in the most devastating mass extinction in Earth's history, research now reveals.
  • Pandemic rocks Permian Basin as wells, rigs idled and workers laid off

    04/19/2020 6:18:59 PM PDT · by brownwill6767 · 20 replies
    Santa Fe New Mexican ^ | 4/18/20 | Jens Gould
    Seth Aldridge was at the tail end of a 12-hour night shift when he got the call at 6 a.m. The voice on the other end said he had just lost his job as an oil field pumper for Occidental Petroleum in the Permian Basin. “It was a shock to get the call, for sure,” said Aldridge, a 34-year-old resident of Lea County. “You see it coming, but you never really think … or you hope it’s not you that gets that ax.” The ax is falling throughout energy-rich southeastern New Mexico as crude prices have plummeted amid the COVID-19...
  • New Mexico’s Oil Boom Is Under Threat

    08/27/2019 3:12:23 PM PDT · by bananaman22 · 21 replies
    Oilprice.com ^ | 27-08-2019 | Irina
    New Mexico is home to part of the Permian play, the star of the shale industry and the place where oil production is growing at the fastest pace in the country. It is also the state whose new governor has one of the most ambitious emissions plans in the U.S. Governor Michelle Lujan Grisham took office with two climate-friendly pledges: to make New Mexico’s electricity emission-free by 2045, and to curb methane emissions from the oil and gas industry more substantially than they are being limited now. However, the oil industry is one of the biggest revenue contributors to the...
  • Permian Pipeline Protesters May Face Decade Behind Bars

    05/23/2019 3:40:29 PM PDT · by bananaman22 · 18 replies
    Oilprice.com ^ | 05-21-2019 | Nick
    f you protest an oil or gas pipeline in Texas, you could face up to 10 years in prison. The bill on the verge of becoming law in Texas would classify civil disobedience against the construction of a pipeline in Texas a third-degree felony, putting it on “the same level of felony as attempted murderers,” according to the Texas Observer, or equivalent to sentences handed down to “drive-by shooters who fail to hit their mark,” as Bloomberg put it.
  • Energy Industry Looks To The Future At 2019 San Juan Basin Energy Conference

    04/23/2019 8:15:53 PM PDT · by brownwill6767 · 12 replies
    LOGOS RESOURCES LLC ^ | 3/15/2019 | LOGOS RESOURCES LLC
    A recent influx of dynamic, new oil and gas operators are bringing innovative applications of modern technology to restore the San Juan Basin to its place as a leading basin in the United States
  • U.S. Shale Oil Output to Hit Record 8.4 Million Bpd in March: EIA

    02/19/2019 1:43:23 PM PST · by Red Badger · 31 replies
    money.usnews.com ^ | Feb. 19, 2019, at 3:15 p.m. | by Devika Krishna Kumar, Jonathan Oatis, Marguerita Choy)
    NEW YORK - U.S. oil output from seven major shale formations is expected to rise 84,000 barrels per day (bpd) in March to a record of about 8.4 million bpd, the U.S. Energy Information Administration said in a monthly report on Tuesday. The largest change is forecast in the Permian Basin of Texas and New Mexico, where output is expected to climb by 43,000 bpd to a record 4.024 million bpd in March. A shale revolution has helped boost the United States to the position of world's biggest crude oil producer, ahead of Saudi Arabia and Russia. Overall crude production...
  • Middle East fossils push back origin of key plant groups millions of years

    12/21/2018 9:55:04 AM PST · by ETL · 11 replies
    ScienceMag.org ^ | Dec 20, 2018 | Elizabeth Pennisi
    Paleobotanists exploring a site near the Dead Sea have unearthed a startling connection between today's conifer forests in the Southern Hemisphere and an unimaginably distant time torn apart by a global cataclysm. Exquisitely preserved plant fossils show the podocarps, a group of ancient evergreens that includes the massive yellowwood of South Africa and the red pine of New Zealand, thrived in the Permian period, more than 250 million years ago. That's tens of millions of years earlier than thought, and it shows that early podocarps survived the "great dying" at the end of the Permian, the worst mass extinction the...
  • The Planet Has Seen Sudden Warming Before. It Wiped Out Almost Everything

    12/09/2018 8:08:53 AM PST · by EdnaMode · 113 replies
    New York Times ^ | December 7, 2018 | Carl Zimmer
    Some 252 million years ago, Earth almost died. In the oceans, 96 percent of all species became extinct. It’s harder to determine how many terrestrial species vanished, but the loss was comparable. This mass extinction, at the end of the Permian Period, was the worst in the planet’s history, and it happened over a few thousand years at most — the blink of a geological eye. On Thursday, a team of scientists offered a detailed accounting of how marine life was wiped out during the Permian-Triassic mass extinction. Global warming robbed the oceans of oxygen, they say, putting many species...
  • Permian Producers Have A Power Problem

    10/03/2018 9:07:41 AM PDT · by bananaman22 · 10 replies
    Oilprice.com ^ | 10-03-2018 | Para
    Drillers in the fastest-growing oil region in the United States face infrastructure issues beyond limited pipeline takeaway capacity or water and frac sand supply. Permian oil producers need a lot more electricity to power well production than they did just a few years ago. And the West Texas electricity grid—which wasn’t planned for so heavy a load—is straining to catch up with power demand. Thanks to rising oil prices, oil production in the Permian has been surging. While drillers have flocked again to the hottest U.S. shale play, electricity infrastructure and transmission grids in West Texas need years to expand...
  • Chinese-led team shows mass extinction happened in geological 'instant'

    09/24/2018 7:33:15 PM PDT · by SunkenCiv · 47 replies
    Eurekalert ^ | September 19, 2018 | Chinese Academy of Sciences
    It took less than 30,000 years and maybe only thousands, to kill more than 90% of sea creatures and most land species, according to the most precise study ever published about the mass extinction marking the end of the Permian Period. Earth's greatest mass extinction, also known as the "Great Dying," occurred about 252 million years ago. By some estimates, over 90% of sea creatures and most land-dwelling reptiles disappeared. Even usually resilient plants and insects suffered near annihilation... Scientists from China, the USA and Canada combined new high-resolution radiometric dating of seven closely spaced layers of volcanic material from...
  • Crude-By-Rail Could Save The Permian Boom

    08/15/2018 10:11:22 AM PDT · by bananaman22 · 14 replies
    Oilprice.com ^ | 08-15-2018 | Justin
    Crude-by-Rail (CBR) has been a savior for North American producers seeking higher returns for heavily discounted crudes caused by a lack of pipeline take-away capacity. And CBR, once again, is on the rise. North American shipments of petroleum and petroleum products are up over 10% year-to-date compared to 2017. In May 2018, nearly 200,000 barrels per day were shipped by rail from Canada to the U.S., nearly five times that of June 2016. But, the story of CBR is really about how price differentials became so large in certain regions.
  • Coke, Meth And Booze: The Flip Side Of The Permian Oil Boom

    07/30/2018 7:36:30 AM PDT · by bananaman22 · 21 replies
    Oilprice.com ^ | 07-30-2018 | Para
    The fastest-growing oil region in the U.S. is fueling not only the second American shale revolution—it’s fueling a subculture of drug and alcohol abuse among oil field workers. Drugs are easily accessible in the Permian, which is close to highways and to Mexico. For oil field workers making six-figure salaries, money is not a problem to buy all kinds of illegal substances to shoot, snort and swallow to get through 24-hour-plus shifts
  • Did a Planetary Society citizen scientist help find one of Earth’s biggest impact craters?

    07/03/2017 12:22:01 AM PDT · by LibWhacker · 18 replies
    Planetary Society ^ | 6/12/17 | Jason Davis
    Did a Planetary Society citizen scientist help find one of Earth’s biggest impact craters? About 66 million years ago, a 10-kilometer-wide hunk of rock smashed into Earth near what is now Mexico's Yucatán Peninsula.The impact created a global dust cloud that snuffed out the sunlight, leading to the demise of 80 percent of Earth's plants and animals—including most of the dinosaurs. A 200-kilometer-wide crater buried near the city of Chicxulub is all that's left. It's ground zero for one of the world's most notable extinction events.But throughout Earth's history, there have actually been five major extinction events. The largest of...
  • Vast Shale Oil Field in Texas Could Yield 20 Billion Barrels

    11/16/2016 5:21:43 PM PST · by smokingfrog · 32 replies
    ABC News ^ | 11-16-16 | David Warren
    A vast field of shale rock in West Texas could yield 20 billion barrels of oil, making it the largest source of shale oil the U.S. Geological Survey has ever assessed, agency officials said. The Wolfcamp Shale geologic formation in the Midland area also contains an estimated 16 trillion cubic feet of natural gas and 1.6 billion barrels of natural gas liquids, the agency said in a release. The discovery is nearly three times larger than the shale oil found in 2013 in the Bakken and Three Forks formations in the Dakotas and Montana, said Chris Schenk, a Denver-based research...