As Gov. Greg Abbott s been noting the importance of West Texas Permian Basin – and more generally, Texas as a whole – to the nation s economy, there s been a flurry of exciting developments for the state s economy, for Texas jobs, and the Oil & Gas Industry. One project is expected to employ over 1,000 people while under construction, before bringing additional high-paying jobs to help create more energy production because of new industry capabilities.
Pearl Energy Managing Partner Bill Quinn told Hart Energy the fund is backing three management teams, with two focused on the Permian and a third with a heavy emphasis on Saskatchewan, Canada.
Inspectors for the Texas Railroad Commission are investigating a 5.4 magnitude earthquake recorded west of Pecos near the border of Reeves and Culberson counties on Wednesday, the agency said.
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The quake was the third largest in Texas history, according to the U.S. Geological Survey. An increase in seismic activity in Texas has been linked to injecting fracking wastewater underground.