MIDLAND, TEXAS—It was a meeting of the regulator and the regulated when TCEQ Commissioner Emily Lindley addressed the membership of the Permian Basin Petroleum Association (PBPA) in the Midland Petroleum Club as keynote speaker for its March 17 luncheon. The Texas Commission on Environmental Quality is the environmental agency for the state. TCEQ employs approximately […]
Quality of Life in the Permian Basin
By Paul Wiseman This sequence from the classic movie Casablanca sums up the quality of life in the Permian Basin. Claude Rains played Captain Renault and Humphrey Bogart played club owner Rick Blaine. Captain Renault: Ricky, what in Heaven’s name brought you to Casablanca? Rick: My health. I came to Casablanca for the waters. Capt. […]
Christian to Biden: Stop Being Anti-Oil
Texas Railroad Commission Chairman Wayne Christian on March 4 penned an open letter to President Joe Biden critiquing his failed energy agenda and providing solutions to the ongoing global energy crisis. In the letter, he calls on Biden to immediately end all Russian oil imports to the United States, instruct international oil and gas companies […]
RRC Takes Aim on Seismicity
In the western Permian Basin, the Texas Railroad Commission (RRC) began implementation in early March of a first-of-its-kind operator-led response plan that addresses injection-induced seismicity to help keep residents and the environment safe. The plan for the Northern Culberson-Reeves Seismic Response Area (SRA)—which is adjacent to Guadalupe Mountain National Park to the west and is […]
Eagle and VanZandt Combine
Eagle Automation, a leader in measurement and automation for industrial customers, announced March 7 the signing of an agreement to join forces with VanZandt Controls LLC, based in Midland, Texas. Since 2015, VanZandt Controls has become a trusted distributor for valve automation, flow measurement, instrumentation, and controls. Featheringill Capital in Birmingham, Ala., will be the […]
Reverse Mergers: Valuation Considerations
By Kevin Cannon Last year saw a record number of reverse merger transactions, with 398 reverse mergers valued at nearly $135 billion, according to figures tracked by Bloomberg Law. Although 2021 marked the first time that many of such transactions involved special purpose acquisition companies (SPACs), which totaled 246 out of the 398 transactions, it […]
Dance Party Breaks Out As Kids Get Donated Earbuds
Archrock, the leading provider of midstream natural gas compression services in the Permian, heard of an unusual need at a local elementary school. And on Feb. 15 the company made a donation to General Franks Elementary in Midland, Texas, to meet their request. Archrock’s donation to the school consisted of 712 pairs of earbuds, which […]
Why are E&Ps Slow To Respond to Higher Oil Prices?
By Steve Hendrickson Over the last several months (and right up to today) some of the headlines published in various media outlets have addressed the slower-than-expected response of operators to increase drilling activity as oil prices have risen. This appears to be consistent with the expectations of their equity investors and the realities of the tougher underwriting standards […]
Company Expands Water Midstream, Divests Fluids Transportation
Gravity, a Midland-based growth-oriented water and power infrastructure company backed by affiliates of Clearlake Capital Group, L.P., announced Feb. 24 it had completed the divestiture of its fluids transportation business. Financial terms of the transaction were not disclosed. Gravity now owns and manages more than 50 active saltwater disposal wells with more than 1.5 million […]
The Right Stuff
Greetings and salutations—and welcome to this month’s installment of Safety. Hopefully everyone has survived the endless variations of the Covid. Another topic for another day! In any line of business, goals must be clear and precise. Safety is no different. When filling positions for safety or operations, a manager must apply sufficient time and detail […]
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