Our rundown outlines the main bills that affect(ed) oil and gas in Texas and their status moving forward. Railroad Commission of Texas Sunset HB 1675 Bonnen, Dennis(R) Nichols, Robert(R) Relating to governmental entities subject to the sunset review process. Sunset Safety Net Bill. This is the so-called “Safety Net” bill that provides […]
The 83rd Legislature in Retrospect
Note: At the end of this article, there are Q&A’s with legislators about the legislative session. As the smoke clears on the recently concluded legislative session, Texas’ oil and gas interests can be relieved that nothing too damaging found passage. Still, questions remain and certain issues linger. If there are two things that West Texans […]
Temporary Housing: Taking the Long View
Workforce housing now consists of more than just a Home on the Range. Throughout history, mineral plays have brought floods of people to remote areas that lacked sufficient resources and infrastructure to house, clothe, and feed such hordes. We’re not told how King Solomon housed the workers at his mines at Ophir, but we know […]
News Reviews: Making a Mark
The industry recognizes an innovator; China enters the Wolfcamp; regulators held accountable; and another oil company picks up stakes for the Cline. Mora County in northeastern New Mexico became the first county in the U.S. to pass an ordinance banning hydraulic fracturing. The Los Angeles Times reported that all residents in Mora County depend on […]
What Constitutes Fair Tax Treatment?
contributed by the Texas Society of Certified Public Accountants The answer could lie in this–a white paper on legislative proposals to repeal certain tax treatments of domestic oil and gas exploration and development. Introduction The United States is currently experiencing a significant budget deficit with expenditures projected to exceed income by nearly $845 billion for […]
In Memoriam: Mark Merritt
Mark Merritt will be fondly and respectfully remembered by the Permian Basin Petroleum Association. It is with a very heavy heart that I write this month’s report. My friend and PBPA chairman Mark Merritt lost his courageous battle with cancer on June 1. He leaves behind his wife of 34 years, Kay, and their children […]
New Mexico: Land of Enchanting Opportunities
By Al Pickett, special contributor Like their Texas neighbors, oil and gas producers in New Mexico feel the inevitable pressures that accompany a boom economy. Things are “still a gamble,” as one NM source says. But the state’s Permian region is producing more crude than ever. Mike Miller said he was in Hobbs, N.M., recently […]
A Brightening Picture For Gas
With prices up, Basin natural gas production sees new life. By Paul Wiseman, special contributor Discussing natural gas in the Permian Basin is somewhat like talking about Pippa Middleton—a lovely idea but not really the main attraction. The three Texas Railroad Commission districts that primarily identify the Basin—7C, 08 and 8A—accounted for 441.1 thousand MCF […]
From the President: Getting There
Legislative sessions have their way of creating their own realities. “You’ve got to be very careful if you don’t know where you are going, because you might not get there.” —Yogi Berra When we began the Legislative session, re-authorizing the Railroad Commission, funding our water and transportation infrastructure needs and improving the state’s response to […]
From the General Counsel: The Point of Valuation
In New Mexico, a challenge to a lower court’s decision has caused the state’s Supreme Court to take a longer look at what it means to pay a lessor an established portion of the “net proceeds” from the sale of gas. More than a few months ago I wrote about the Commissioner of Public Lands […]
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