Tuesday, September 1, 2026
Record 5.0-magnitude earthquake hits near Permian Basin town- oil and gas 360

Record 5.0-magnitude earthquake hits near Permian Basin town

Houston Chronicle A record-setting 5.0-magnitude earthquake hit near the Permian Basin town of Orla, Texas, on Thursday morning. U.S. Geological Survey officials say the quake occurred at 10:16 a.m. about 16 miles southwest of Orla in a rural area off FM 652. There have been 61 earthquakes in West Texas this year but this was the strongest recorded in the

Global oil refiners to deepen output cuts as coronavirus destroys demand- oil and gas 360

Global oil refiners to deepen output cuts as coronavirus destroys demand

Reuters SINGAPORE/NEW DELHI/SEOUL/HOUSTON – Oil refiners from Texas to Thailand are bracing for deeper output cuts, bruised by an unprecedented demand shock as more countries lock down and restrict travel to contain the spread of the coronavirus. Global fuel demand is set to drop by as much as 15% to 20% in the second quarter as a result of the

Tailwater Capital closes fourth fund with $1.1 billion in total commitments- oil and gas 360

Tailwater Capital closes fourth fund with $1.1 billion in total commitments

Tailwater Capital DALLAS, March 26, 2020 /PRNewswire/ — Tailwater Capital LLC (“Tailwater”), a private equity firm based in Dallas, today announced that it has closed Tailwater Energy Fund IV LP (“Fund IV”) with $1.1 billion in capital commitments, including a co-investment for one of Fund IV’s platform companies. Receiving strong support from new and existing investors, Fund IV will continue its strategy of partnering with proven

U.S. Halts Plan to Buy Crude Amid Uncertainty Over Funding- oil and gas 360

U.S. Halts Plan to Buy Crude Amid Uncertainty Over Funding

Houston Chronicle The Trump administration halted plans to start buying oil to top up the nation’s emergency stockpile after failing to win funding from Congress, throwing a wrench in its most tangible efforts to help struggling drillers cope with the price rout. The Energy Department said in a notice dated Wednesday that it was withdrawing a March 19 tender for