Permian Basin
- News
Truckers owed money after Texas firm files for bankruptcy
Truckers are owed hundreds of thousands of dollars after Jamco Services LLC of Midland, Texas, filed for Chapter 11 protection on Wednesday.
Read More » - News
Texas trucking company must face lawsuit over pipeline damage
An Odessa, Texas-based company must face a $500,000 lawsuit over alleged damage to a wastewater pipeline.
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Today’s Pickup: US factories in limbo as Mexican production plants remain shut
U.S. factories face issues with sourcing from Mexico; Permian basin output to decrease in May; Lime raises funding from Uber.
Read More » - Energy
Beyond Stevens, a report lays out tough times for drivers operating in Permian Basin
New pipelines are proving bad news for truckers, according to this RBN Energy report.
Read More » - Company earnings
Chevron’s Permian production pays off with a strong beat
U.S. production increased 21 percent year-over-year to 898,000 barrels/day.
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Frac sand truckers can make good money doing a dangerous job
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…
Read More » - Today's Pickup
Today’s Pickup: Over 1,100 fracking wells in the Permian basin went unreported in 2018
Shale oil wells in the Permian basin were underreported by 20 percent; U.S. FDI flows reduce; UPS pursues drone delivery services
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Caterpillar earnings disappoint due to weaker China sales and higher production costs
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…
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Texas’ Port Corpus Christi poised to become top U.S. crude oil exporter along Gulf of Mexico
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…
Read More » - Company earnings
Chevron posts earnings beat on aggressive expansion in Permian Basin
WTI’s recovery this quarter should accelerate production in the Permian Basin, driving further truckload demand.
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