In oil and gas fields around the world, there are products in use that wereconceived and constructed in the Permian Basin. And technologies in use that were perfected here as well. The caller said he was from Israel and needed replacement parts for seals manufactured by Westech Seal, Inc. “How did our parts get over […]
March Miscellany
A smattering of not-so-serious news in a month, and a business climate, that’s packed with the other kind. Just our usual potpourri of odds and ends. Enjoy. What needs saying more—and doesn’t get said enough—is our appreciation for all the advertisers who make this magazine go. Thanks for making this an especially good issue for […]
Indemnified or Not?
Merriam-Webster defines “indemnity” as follows: 1. a: security against hurt, loss, or damage; b: exemption from incurred penalties or liabilities. Those in the oil and gas industry define it as a necessary evil, but also a tricky one. The issue of indemnity provisions in contracts has been the subject of much scrutiny by both the […]
From the Permian Basin to the World
Charlie McCoy couldn’t believe his eyes. Gas was flowing from a well into the sand and lying on the ground in the middle of it were dead quail. The Gulf employee accompanying McCoy said the well had a problem producing, that gas locked the downhole pump. “I watched that pumping unit run and thought, ‘How […]
Toward an Unspoiled Future
I don’t often recommend movies, and certainly haven’t done so in this column. However, there are always exceptions. Mark Mathis, director of what will hopefully become a movie sensation, gave the folks in Midland and Odessa the opportunity to view his production of spOILed. I viewed spOILed on a Thursday afternoon at a 2:30 showing […]
New Mexico Rulings, Texas RRC Opening
The New Mexico legislative session ended February 16th and the legislature fulfilled its primary duty of passing the budget. It was one of the least controversial budgets in years. The budget passed with only five total dissenting votes. The House passed the budget unanimously and that group consists of 33 Republicans. The Combined Reporting bill […]
Aquifers and Acquisitions
Energy economist Karr Ingham called the rebound in late 2011 and early 2012 of the price of a barrel of crude oil “a movement of prices” not “a price spike.” He told the Midland Reporter-Telegram, “It is a movement of prices, particularly oil, to a new plateau.” Ingham said the monthly average rig count for […]
Aquifers and Acquisitions
Energy economist Karr Ingham called the rebound in late 2011 and early 2012 of the price of a barrel of crude oil “a movement of prices” not “a price spike.” He told the Midland Reporter-Telegram, “It is a movement of prices, particularly oil, to a new plateau.” Ingham said the monthly average rig count for […]
All About Water
Last fall, Texas Railroad Commissioner and former Midland resident David Porter appointed an Eagle Ford Task Force to discuss water quantity and usage as it relates to oil and gas production in the burgeoning Eagle Ford Shale in South Texas. It is a critical issue facing all major producing basins in North America, including the […]
All About Water
Last fall, Texas Railroad Commissioner and former Midland resident David Porter appointed an Eagle Ford Task Force to discuss water quantity and usage as it relates to oil and gas production in the burgeoning Eagle Ford Shale in South Texas. It is a critical issue facing all major producing basins in North America, including the […]