Addison-based MDM Permian said Oct. 11 it has formed an alliance with Frisco-based FireDream Resources to jointly develop up to 200 wells in the southern Midland Basin. MDM Permian is the prospect generator and operator for the agreement that begins with four wells in Irion County on the 160-acre Lindley lease from Canyon Sands at […]
What Sells, and Why: An Auction Primer
Via email, Ben Beasley, Director, Strategic Accounts (Ritchie Bros.) provided PB Oil and Gas Magazine with feedback, as follows. PB Oil and Gas: What are the top items, count-wise, being put up for auction in the Permian over the last six months, or since January, whichever way you have recent time frames calculated? How has […]
Living in the Real World
“The last sale we had, I got up [on the podium] at 10:00 in the morning and got down at 7:30,” said Machinery Auctioneers Owner/Auctioneer Terry Dickenson. “I never left the chair.” How does he keep from losing his voice after nine-and-a-half hours of constant auctioneering? “Well, the voice, you know—you just get on adrenaline” […]
Channeling a Future
MIDLAND, TEXAS—The assembled membership of the Permian Basin Petroleum Association welcomed Omar Garcia as its luncheon speaker when the association resumed its monthly luncheon meetings here at the Midland Petroleum Club on Thursday, Sept. 19. The keynote speaker for this occasion was Omar Garcia, Chief External Affairs Officer for the Port of Corpus Christi Authority. […]
Hiring and Firing: What do I need to know?
What are a few critical things that you need to know before hiring or firing an employee? First, avoid hiring people who are not a good fit for the organization. I have had clients that were so quick to hire that they did not read the job application. How do you tell your boss that […]
Keeping Memories Alive
The history of any 100-year-old oilfield can be told from various perspectives. Ginger Birdwell Beisch’s book about the KMA Field uses several, including her own voice. The idea to write the book came from her little brother, Michael Bruce Birdwell. He’s pictured at age four in the oilfield scene on the cover of the book. […]
Enterprise to expand ATX pipeline from Appalachia to Texas
Houston-based Enterprise Products Partners said Monday it will expand its Appalachia-to-Texas ethane pipeline. The ATX pipeline of 1,200 miles transports ethane from Marcellus-Utica region of Ohio, Pennsylvania and West Virginia to EPP’s natural gas liquids storage complex in Mont Belvieu east of Houston. Current capacity is 145,000 barrels per day, and Enterprise said it is […]
PBPA to conduct annual meeting Oct. 23-24 in Midland
The 57th annual meeting of Permian Basin Petroleum Association is scheduled next week in Petroleum Museum and Bush Convention and Civic Center in Midland. Speakers during the meeting Oct. 23-24 will include Wayne Christian, commissioner of the Railroad Commission of Texas, and Stephanie Garcia Richards, land commissioner of New Mexico.
Baker Hughes: Texas adds rigs for first time since August
Both U.S. and Texas reversed two-month declines in Baker Hughes’ count of active oil and gas drilling rigs. As of Oct. 11, Texas had the largest gain among states in the past week with 6 rigs added to raise its total to 420 (532 a year ago). And across the U.S. there was 1 additional […]
Joint venture of Rattler, Oryx to acquire Reliance Gathering
Midland-based Rattler Midstream, subsidiary of Diamondback Energy, and Oryx Midstream, portfolio company of Stonepeak Infrastructure Partners, said their joint venture has agreed to acquire Reliance Gathering for $355 million. The deal is expected to close in 2019Q4. The acquired system includes more than 230 miles of gathering and regional transportation pipelines and about 200,000 barrels […]
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