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Showing posts with label Permian Basin. Show all posts
Showing posts with label Permian Basin. Show all posts

Saturday, August 11, 2012

Three decades after oil bust, Permian Basin booms again

http://www.mysanantonio.com/news/local_news/article/Permian-Basin-Booming-Again-3781623.php#photo-3314867

Three decades after oil bust, Permian Basin booms again
BY JOHN MACCORMACK : AUGUST 11, 2012

MIDLAND – Nearly three decades ago, Texas Monthly ran a post mortem on the Texas oil industry with headline reading “So long, it was fun while it lasted,” and a forlorn James Dean figure hitchhiking out of town.

Wednesday, February 29, 2012

Parallel Petroleum Welcomes Samsung C&T

permianbasin360.com

Parallel Petroleum Welcomes Samsung C&T
By: Mycah Glover
Updated: February 28, 2012

MIDLAND -- Deals are made in the Permian Basin oil and gas industry everyday, but not deals like this. Samsung C&T, a trading arm of Samsung Group, agreed to purchase Midland-based Parallel Petroleum from Apollo Global Management last year. Today, representatives from the Korean-based company traveled thousands of miles to formally announce their newest venture in the oil and gas business.