David Wethe and Kevin Crowley

Business, Fuel

Chevron to Buy Noble for $5 Billion in Rare Oil-Bust Deal

Chevron sign Kyle Grillot/Bloomberg News

Chevron Corp. agreed to buy Noble Energy Inc. for about $5 billion in shares as the oil giant looks to beef up in the Permian Basin amid the wreckage of the worst crude crash.

July 20, 2020
Government, Business, Safety, Fuel

Drowning in Dirty Water, Permian Seeks $22 Billion Lifeline

Permian Workers connect drill bits and collars used to extract petroleum on a drilling rig in the Permian Basin outside of Midland, Texas. (Brittany Sowacke/Bloomberg News)

In the dry, dusty plains of West Texas, home to America’s most prolific oil play, the problem isn’t too little water, it’s too much of it.

August 30, 2018