Permian Basin

30 autonomous trucks to haul proppants nonstop on public roads in deal with Detmar Logistics

This week in Borderlands: Texas truckers taking labor protest to the Big Apple; Exports of Mexico-built cargo trucks rise in August; Mexico’s largest bank opens office in Houston dedicated to nearshoring; and Stonepeak acquires 1.1 million -square-foot logistics property in Texas.

Kodiak Robotics is delaying commercial on-highway driverless trucks to focus on autonomy in the Permian Basin.

US, Mexican truckers unite for a protest caravan in West Texas to highlight low wages, poor working conditions in both countries.

Truckers are owed hundreds of thousands of dollars after Jamco Services LLC of Midland, Texas, filed for Chapter 11 protection on Wednesday.

An Odessa, Texas-based company must face a $500,000 lawsuit over alleged damage to a wastewater pipeline.

U.S. factories face issues with sourcing from Mexico; Permian basin output to decrease in May; Lime raises funding from Uber.

New pipelines are proving bad news for truckers, according to this RBN Energy report.

U.S. production increased 21 percent year-over-year to 898,000 barrels/day.

Long before sunrise, Molly Sizer starts her day in West Texas as a professional frac sand hauler.  She gets dressed, drives her Peterbilt truck to one of the dozens of frac mines around the Permian Basin, is loaded with 50,000 pounds of sand, drives 100 miles or more through crowded bumpy roads and finally delivers […]

Shale oil wells in the Permian basin were underreported by 20 percent; U.S. FDI flows reduce; UPS pursues drone delivery services

Global equipment manufacturer Caterpillar’s (CAT) second quarter earnings disappointed analysts. The company cited a combination of tariffs, weaker sales in China and slower growth in the Permian Basin for the declines. The Deerfield, Illinois-based company reported a 5.1 percent decrease in second quarter net income to $1.62 billion, or $2.83 per share, compared with $1.71 […]

Port Corpus Christi could emerge as the United States’ top crude oil export hub over the next decade, thanks to more than $380 million in new shipping facilities and three oil pipeline projects worth $5.2 billion, according to a new study. Wood Mackenzie’s North America Crude Markets Service reported that the startup of three new […]

WTI’s recovery this quarter should accelerate production in the Permian Basin, driving further truckload demand.

OPEC’s cuts have brought its output down to the level where forecasts are saying it needs to be to keep markets in balance.

Tesla’s V3 Supercharging station discharges 250 kW; Italy’s olive-oil industry is facing an agrarian crisis; Americans are abandoning public transit; French port of Marseille-Fos has joined a blockchain pilot program.

Rails may need to raise rates to comply with new rules from Washington.

Lower WTI prices mean slower pipeline construction and more pressure on crude-by-truck.

We talked to freight brokers at LYNC Logistics, Arrive Logistics, and MoLo Solutions about whether recent softness in flatbed demand signaled a return to normal seasonality, and where unexpected opportunities might be hiding.

The pipelines taking oil away from the Permian are at capacity, causing a buildup of WTI inventory at the Cushing, OK storage sites and depressing the price of WTI against Brent. Prices would be even lower if Venezuela and Iran weren’t causing further worries about global supply.