Author Stephen Covey viewed failure not as a setback but as a chance to learn, reflect, and adjust one’s approach. He believed that failure occurs only when we give up and stop trying. He emphasized the importance of reflecting on past mistakes and learning from them, and suggested that businesses are built not only on success but […]
Oil, gas operators adopt dark sky friendly lighting to help reduce light pollution
National Public Radio reported last week visitors come to west Texas to experience a vanishing natural resource: “some of the darkest nighttime skies in the world.” Reporting from McDonald Observatory and Davis Mountains State Park, NPR said July 1 astronomers and conservationists in the region have partnered with cities and counties on lighting ordinances to […]
Lawsuits against producers for inflating prices combined in federal court in NM
More than two dozen class-action lawsuits have been filed in New Mexico’s U.S. District Court alleging that some of the nation’s largest oil producers have colluded in recent years to artificially increase the price of crude oil. The Santa Fe New Mexican reported last week some of the lawsuits have been combined and allege “the […]
U.S., Permian Basin drilling rig counts fall for tenth straight week
Counts of active oil and gas drilling rigs in U.S. and Permian Basin continue to fall, according to the latest report from Baker Hughes. As of July 3, there were 539 rigs in U.S. (down 8 from 547 last week and down 46 or 7.9 percent from 585 a year ago) and 265 rigs in […]
They Blasted, They Cooked, and They Made Merry
MIDLAND, TEXAS—The pop-pop-popping had long since died down and the food and festivities had started up when the news of who-won-what began to circulate. The shooting portion was over but the cooking competition was still in play at the Permian Basin Petroleum Association’s annual Clay Shoot and Pit King Challenge, held again at Jake’s Clays. […]
Coterra Energy plans to run 9 rigs in Permian in second half rather than 7
Houston-based Coterra Energy said last week it will run 9 rigs in Permian Basin in second half of 2025 rather than 7 as announced in May. Tom Jordan, chairman, president and CEO, said June 24 at a JPMorgan conference in New York that increasing to 9 rigs “reflects his team’s confidence in the stability of […]
Peregrine Energy acquires interests in six states, including Delaware Basin
Dallas-based Peregrine Energy Partners said last week it acquired producing and non-producing oil and gas minerals and royalties in six states, including Texas and New Mexico. The newly acquired assets include interests in more than 1,100 producing wells operated by several of the industry’s leading companies. The Texas and New Mexico assets included more than […]
Texas Supreme Court rules produced water belongs to mineral lessee
In what was described as “a significant decision for Texas property and energy law,” Texas Supreme Court affirmed a lower court ruling that produced water belongs to the mineral estate unless expressly conveyed to the surface estate owner. The opinion in Cactus Water Services v. COG Operating announced June 27 resolves a contentious dispute between […]
Permian People: Movers and Shakers
The Permian Basin’s hirings, promotions, and other personnel matters in the nation’s biggest oil patch—or in companies who do business here. Crescent Energy Company announced May 19 the appointment of J.D. “Joey” Hall as Chief Operating Officer, effective June 2, 2025. Hall most recently served as Executive Vice President of Operations at Pioneer Natural […]
Producers Midstream targets 2026 for Palo Duro pipeline from Nolan County
Dallas-based Producers Midstream II announced plans Monday for its Palo Duro pipeline from Nolan County north to Wheeler County to connect with multiple interstate pipelines. It will utilize existing infrastructure to provide a new pathway from the Waha residue markets in Permian to Mid Continent residue markets in Anadarko Basin. Palo Duro will be a […]
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