_Economy and Finance

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.

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.