Financial and operating results for the quarter ended March 31, 2016, for selected Permian Basin-based or Permian Basin-active oil and gas (and related) firms. Azure Midstream Partners Azure Midstream Partners, LP (NYSE: AZUR) announced financial and operating results for the three months ended March 31, 2016. Adjusted EBITDA for the first quarter 2016 […]
Coping with Crisis
By Paul Wiseman There are many degrees of outsourcing, from using a service to vet and hire employees for the end user, to sending all work for a department such as Human Resources to another company. Some of those are doing better than others in this economy. Companies who handle the outsourcing of HR […]
Crossroads
New Mexico, reeling from the hard knocks of 2014-2016, takes stock of its current O&G industry and awaits—and readies for—the politics yet to unfold. by Tony Burke The Permian Basin is large. It stretches approximately 200 miles wide and 300 miles longitudinally. The basin rests, substantially, beneath two states. The grand industry […]
The Death of HalliBaker:
DOJ Lawsuit Blocks the Merger of Halliburton and Baker Hughes Chase Beakley The Halliburton and Baker Hughes Merger: An Autopsy Report On May 1, Halliburton and Baker Hughes announced that they were finally prepared to take their long suffering merger attempt behind the shed and put it out of its misery. The deal had […]
New And Noteworthy
Fresh offerings of products and services for the oil and gas set. Push-In Foam Earplug Honeywell (NYSE:HON), on Apr. 6, announced the Howard Leight TrustFit Pod push-in foam earplug that provides workers with properly fitting ear plugs to protect against noise-induced hearing loss (NIHL). Research shows that half of all industrial workers experience […]
Broadened Horizons: WTI Crude’s Comeuppance
Observers expound on what the recent lifting of the crude oil export ban could mean to the U.S. energy climate. Julie Anderson On Dec. 18, 2015, the United States of America lifted a 40-year-old ban on exporting crude oil, put in place in 1975 in response to the Arab oil embargo. While the […]
Drilling Deeper: Relax And Get Yourself Right
When times get tough, sometimes you just can’t help but roll with the changes. If only those pesky regulatory bodies would relax with you… These are the full versions of the “Drilling Deeper” news items that appeared as abbreviated versions in the print edition of PBOG’s June 2016 issue. Hess is Oil’s Best “Corporate […]
The Broader Picture: June 2016
Where we share some O&G news from beyond the Permian’s borders—news that, in some way, touches the Basin. EIA Apr. 25 Above-normal temperatures during the 2015-16 winter were a key factor in lowering heating demand and winter fuel expenditures. Compared with the 2014-15 winter, propane and heating oil demand decreased by 16 percent and […]
Adaptation, Diversification & Hunting
Oilfield service companies come in all shapes and sizes. While competition is most certainly fierce, it may also be fair to say that no two service companies are exactly alike. They are far-ranging in size, in scope, and in their offerings. Separate from active drilling operations, but practically indispensible to the practice of drilling, service […]
The Price of Oil and Its Economic Impact on Texas
At the March 17 luncheon of the Permian Basin Petroleum Association, the luncheon speaker was Mr. James LeBas, former Chief Revenue Estimator for the Texas Comptroller’s Office and currently a tax and fiscal consultant. What follows is a transcript of his talk. [Editor’s Note:] PBOG Magazine attended this luncheon and prepared this report. Mr. […]
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