Greetings and salutations! I hope you are ready for another fun-filled installment of Safety. This month we are going to shower down on everyone’s favorite topic, which is the in and outs of JSA’s, also known as Job Hazard Analysis. In fact, there are numerous different names, forms, and processes depending on the company, the […]
Aiming High
Hosting its first in-person fundraiser event of the year, Sky High for Kids hosted its annual 4th annual Permian Basin Banquet and Sporting Clay Tournament, raising more than $530,000 to support their effort to end childhood cancer. Over the course of the two day event, more than 250 guests enjoyed live music, silent and live […]
Jim Wright wins election to Railroad Commission of Texas
Jim Wright, oil and gas businessman from Orange Grove and political newcomer, is the newest member of the Railroad Commission of Texas. In Tuesday’s general election, he defeated Democratic candidate Chrysta Castaneda, lawyer and engineer from Dallas, by more than one million votes (about 10 percentage points). Wright, who owns an oilfield waste services company, […]
Ring terminates Delaware assets sale after buyer fails to complete deal
Midland-based Ring Energy said Oct. 30 the prospective buyer of assets in Delaware Basin was unable to complete closing of the sale of acreage in Culberson and Reeves counties. Paul McKinney, CEO and chairman, said, “While the Delaware is not in our core areas of the central basin platform or the northwest shelf, these assets […]
Federal BLM raises $3 million in lease auctions on 7,000 acres in NM
U.S. Bureau of Land Management held an auction of oil and gas leases last week on more than 7,000 acres in New Mexico – raising more than $3 million in bids on 11 parcels of land. Reuters said the auction Oct. 29 attracted less interest than New Mexico previous sales before the industry was hit […]
Permian adds 9 rigs in past week to lead gains by producing regions
Counts of active oil and gas drilling rigs continue to rebound in Permian Basin, Texas and U.S. As of Oct 30, according to Baker Hughes, U.S. rig count was 296 (287 previous week) to increase for the seventh straight week. Texas’ count was 133 (125 previous week) to increase for the fourth straight week and […]
Employment rebounds in Texas oil and gas industry in September
Texas Oil and Gas Association said last week oil exploration, drilling and production companies employed 170,500 workers in the state in September. That’s an increase of 700 oil and gas extraction jobs for the month – the first increase since the pandemic started in March. Todd Staples, president of the association, said, “This small but […]
Enterprise pipeline volumes decline 26 percent in third quarter
Houston-based Enterprise Products Partners said last week crude oil pipeline volumes declined 26.1 percent in 2020Q3 as covid19 pandemic lowered oil prices – leaving midstream companies with fewer barrels to transport after producers curtailed production. Reuters said U.S. pipeline companies have been reducing rates to encourage producers to use their lines as oil transport volumes […]
State of the Energy Markets and the Permian Basin
A keynote address by Bobby Tudor, chairman, Tudor, Pickering, Holt, and Company What follows below is the text (with slides) of Bobby Tudor’s keynote address to the Permian Basin Petroleum Association membership in its virtual (online) Annual Meeting held on Oct. 1, 2020. This transcript is presented minus a minute or so of his opening […]
In for the Long Run
PBPA keynote speaker Bobby Tudor was concluding his talk. He remarked that there are some people—many of them politicians, but some of them just members of the general public—who are just never going to be happy with the oil and gas trade. Said Tudor: “They’re only going to be happy—or they think they’re going to […]
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