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Last updated on April 20, 2014 at 8:28 EDT

Latest Permian Stories

2012-12-12 08:21:52

HOUSTON, Dec. 12, 2012 /PRNewswire/ -- Retired Gen. Colin L. Powell, former U.S. Secretary of State, will deliver the keynote luncheon address at Hart Energy's Developing Unconventionals (DUG(TM)) Permian Basin and More conference, April 2-4, at the Fort Worth Convention Center in Fort Worth, Texas. Gen. Powell served as the first African-American chairman of the Joint Chiefs of Staff and was appointed secretary of state by President George W. Bush. A four-star general, his numerous awards...

2012-12-03 08:22:06

DENVER, Dec. 3, 2012 /PRNewswire/ -- Resolute Energy Corporation ("Resolute" or the "Company") (NYSE: REN) announced today that it has entered into a definitive agreement to acquire oil assets, including existing production and undeveloped acreage, in the Permian Basin of Texas and southeast New Mexico from a private party for a purchase price of approximately $120 million. The transaction is expected to close on or about December 21, 2012. The Company expects to finance the acquisition...

Global Warming 250 Million Years Ago Triggered Slow Species Recovery
2012-11-05 12:49:52

Brett Smith for redOrbit.com - Your Universe Online After a major extinction event occurred 250 million years ago, many species that survived had a long, slow recovery, which was exacerbated by the effects of global warming, according to a new study presented at the Geological Society of America meeting in North Carolina this week. Ohio State University doctoral student Alexa Sedlacek, in his study, found that rising temperatures, high levels of greenhouse gases and a more acidic ocean,...

Permian Extinction Was Beginning Of 5-Million-Year Deadly Heat Wave
2012-10-19 09:27:25

Lawrence LeBlond for redOrbit.com - Your Universe Online Life about 250 million years ago was hard to come by. In fact, it was nearly non-existent. Scientists, studying why this period, known as the end-Permian event, lasted so long and have found a key ingredient: heat. Paul Wignall, a paleontologist at England´s Leeds University, and study coauthor, said during the 200,000-year-long Permian extinction the Earth began cooking, with life struggling to thrive, especially at the...

2012-10-01 14:19:07

Recently, a mysterious seed fern, Lepidopteris baodensis sp. nov., dating to more than 251 million years ago (Ma), was discovered at the Baijiagou of Baode, Shanxi, China, from the Upper Permian Sunjiagou Formation. This discovery completely changed the understanding of the stratigraphic distribution of the genus Lepidopteris in China and promoted the taxonomic study of late Paleozoic plants. Since Schimper erected the genus Lepidopteris in 1869, its epidermal structure of subepidermal...

2012-07-20 06:20:48

DALLAS, July 20, 2012 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $.073765 per unit, payable on August 14, 2012, to unit holders of record on July 31, 2012. Permian's cash distribution history, current and prior year financial reports and tax information booklets, a link to filings made with the Securities and Exchange Commission and more can be found on its website at...

2012-07-16 10:22:27

DENVER, July 16, 2012 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today announced that it plans to report second-quarter 2012 financial results and provide an operations update before the market opens on Thursday, August 2, 2012. Cimarex will also host a conference call that day at 11:00 a.m. Mountain Time (1:00 p.m. Eastern Time). To access the live, interactive call, please dial (877) 789-9039 and reference call ID # 10076721 ten minutes before the scheduled start time. A digital...

Giant Insects Ruled The Sky Until Evolution Of Birds Kicked In
2012-06-05 04:02:22

Giant insects in ancient days use to be kings of the sky, until the evolution of birds about 150 million years ago. Scientists at the University of California, Santa Cruz found that despite rising oxygen levels, insects eventually lost their grip as the dominate species in the sky. During the late Carboniferous and early Permian periods the skies were littered with 28-inch dragonfly-like insects and other ancient species that were too big to whack with a fly swatter. The authors of...

End-Permian Crisis Recovery Took Earth 10 Million Years
2012-05-28 04:07:34

It took the Earth 10 million years to recover from a cataclysmic event that wiped out 90% of plant and animal life some 250 million years ago, according to new evidence presented Sunday in the journal Nature Geoscience. According to a press release detailing the research, Dr. Zhong-Qiang Chen of the China University of Geosciences in Wuhan and Professor Michael Benton from the University of Bristol discovered that biological recovery from what they dub "the greatest mass extinction of all...

2012-05-20 06:20:13

SALT LAKE CITY, May 20, 2012 /PRNewswire/ -- FX Energy, Inc. (NASDAQ: FXEN) today announced it has added two new exploratory wells to those already scheduled for drilling in 2012. The new wells, Tuchola-3 and Frankowo, will test prospects in two of the Company's 100%-owned concessions in Poland. These wells will enable the Company to increase the momentum of its most active drilling year to date. The new wells will fit within the previously reported $60 to $70 million capital budget. The...