May 16—The U.S. Environmental Protection Agency’s threat of declaring the Permian Basin a non-attainment zone for ozone not only jeopardizes the region’s economic stability, it endangers national security for the sake of promoting President Biden’s re-election campaign. That’s according to State Rep. Brooks Landgraf and Permian Basin Petroleum Association President Ben Shepperd, who say the […]
Tag: Oilfield
Companies aim to release more treated oilfield wastewater into rivers and streams
This story is published in partnership with Inside Climate News, a nonprofit, independent news organization that covers climate, energy and the environment. These days the Pecos River barely fills its dry, sandy bed where it crosses West Texas, but the river could be poised to flow again — with treated oilfield wastewater. Companies are racing […]
Oilfield Services Giant SLB To Acquire ChampionX, Return $7 Billion To Shareholders
Oilfield services giant SLB on Tuesday announced plans to acquire chemistry solutions and drilling technology provider ChampionX (CHX). SLB stock retreated early Tuesday while CHX stock, an S&P Midcap 400 component, jumped. X SLB (SLB), formerly Schlumberger, plans to purchase ChampionX in an all-stock transaction. ChampionX’s board of directors unanimously approved the deal. Under terms […]