Dallas-based Texas Pacific Land Corp. and Houston-based WaterBridge said recently they established an alliance focused on sustainable oil and gas development on 64,000 acres in Loving and Reeves counties in Delaware Basin. The agreement enables TPL and WaterBridge to provide fullcycle water solutions to customers in a defined region in the Stateline area by facilitating […]
Evaluating Evaluations
If you cannot measure it, you cannot manage it. Thank you, Peter Drucker. October is the month to get ready for annual performance reviews. I wholeheartedly recommend evaluating the staff throughout the year with informal walkthroughs, supportive emails, and verbal or written corrective coaching to improve performance. The annual review should never be a surprise to […]
Taking Flight
The mention of aerial imagery usually brings visions of drones, and that is certainly a big part of the mix. Additionally, companies like Ft. Worth-based Prius Intelli are using manned, fixed-wing flights to quickly cover wider areas and collect more data than is afforded by just visual images. With regulators clamping down on greenhouse gas […]
O&G Global Contracts Declined in Q2 2022
The overall number of contracts in the oil and gas industry fell by 16 percent in the second quarter of 2022, according to GlobalData. However, the data and analytics company notes that contract value stayed level. GlobalData’s latest report, ‘Oil and Gas Industry Contracts Analytics by Sector (Upstream, Midstream and Downstream), Region, Planned and Awarded Contracts […]
Inflation Reduction Act: Complications for O&G
The Inflation Reduction Act passed by Congress was signed into law by President Joe Biden Aug. 16. The IRA is being pitched as a major legislative victory for the President heading into the interim elections, even though the legislation was passed out of both chambers of Congress on straight party lines, and even though it is […]
Whence Workers?
By Dr. M. Ray Perryman Recent data indicates that the Texas economy continues to generate jobs at a torrid pace. In June, the state added 82,000 positions, pushing the year-over-year gain to 778,700. The 6.2% growth rate is second only to Nevada, which Texas dwarfs in size by a factor of more than nine. […]
Oil Show Donates $282K to Local Colleges
Permian Basin-area colleges and universities will be able to provide scholarships for more students thanks to a donation from the Permian Basin International Oil Show (PBIOS). In August, board president Larry Richards and immediate past president Tommy Pipes presented checks totaling $282,000 to five academic institutions, including The University of Texas Permian Basin, Odessa College, […]
How to Optimize Production Strategies for US Basins
Q&A: Customizing Optimal Production Strategies for US Basins The US land market is vast and complex, with hundreds of operators looking to overcome operational challenges as margins grow ever-tighter. Schlumberger’s Chad Peterson, Managing Director for US Land, and Oritsegbubemi Bafor, Division Manager of Digital & Integration for US Land, explain how Optimized E&P Solutions give […]
Why Culture Eats Change Management for Breakfast
by Donald Barnhart The oft-quoted phrase “culture eats strategy for breakfast” has been attributed to Peter Drucker (see “Does culture really eat strategy for breakfast?”). Even if Drucker didn’t say it, the idea that culture drastically affects the success of strategy has been around for a long time. In 1985, Edgar Schein wrote in his […]
Pipeline Open Season Soon to End
Palisade Pipeline LLC is conducting a non-binding Open Season to provide an opportunity for producers and midstream operators to enter into long-term contractual commitments for Palisade’s Rail Runner Produced Water Pipeline System, to be constructed in the Watco Railroad right-of-way, along Highway 18 from Lea County, New Mexico, to Winkler County, Texas. The Open Season commenced on August 24, 2022, and close on October 7, 2022. The Rail Runner […]
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