It is not surprising that well service companies consider hiring and housing as two of their top issues, as oil prices continue parked at just under $100 per barrel. The words used to relate the topic do open the eyes a bit. “Theft” was how Rich Fontenot described it. Fontenot, senior sales representative for Nabors […]
The Fast-Changing Frac Frontier
One of the exciting new developments in the production of both oil and natural is the ever-changing, always-evolving “Frac Frontier.” Hydraulic fracturing, the practice of pumping fluid and sand at high pressure to increase the flow of the hydrocarbons to the surface, has been credited, along with horizontal drilling, with bringing about the dramatic increase […]
Pipe Dreams: Smith Pipe of Abilene
ABILENE, TEXAS—Just four miles southwest of this town on Highway 277 South, the road that leads to San Angelo, is the community of Caps. For years, those driving down the highway barely encountered any indications that Caps even existed, except for a sign in front of the Caps Baptist Church and a highway sign that […]
Vital Independence Part III: Broad Vista
Big Oil is outside looking in. As the major oil companies return from offshore and overseas to American fields to grab a piece of the shale revolution, a revolutioncreated by independent oil and gas companies—largely in Texas and New Mexico—the Bigs find that the independents sit upon the leaseholds they (the majors) once controlled. And […]
A Different Kind of Liquids Play
The search for solutions to the Permian Basin’s water quandaries lead almost invariably to one destination: desalination. Anthony Smith claimed water treatment and re-use will be a critical focus going forward in the Permian Basin. “We have a big opportunity to treat and re-use flowback and produced water on daily basis,” offered Smith, the Permian […]
Seismic Shifts in the Seismic World
Whether you call it “seismic” or “geophysical,” this industry-within-an-industry keeps broadening its frontiers. On a hot day in June 1921 the first successful test of the reflection seismograph was completed north of Oklahoma City. “Here we are in 2013, less than a hundred years later, and a lot of exciting things are happening,” said Kevin […]
Sparklers, Oilfield Style
The Permian Basin Petroleum Museum unveiled some resplendent rocks in a dazzling exhibition, the Judson Mineral Gallery. The woman peered intently through the glass at each sparkling rock and finally commented, “This exhibit is as good as the one in Houston.” She was among the crowd attending a gala event at the Permian Basin Petroleum Museum in […]
Bull Ring: More Than a Steakhouse
In Santa Fe, The Bull Ring mixes the business of oil and gas with the pleasure of great food. The first thing you need to know about Santa Fe, New Mexico’s The Bull Ring is this: “It’s a place to see and be seen,” says Steve Henke, president of the New Mexico Oil and Gas […]
From the Chairman: Victims of Our Own Success
Pipeline “takeaway capacity” remains one of the most critical issues facing Permian Basin oil and gas interests. Is the Permian Basin oil and gas industry about to be a victim of its own success? We are seeing $20+/bbl price differentials between WTI Cushing and Brent crude prices and recently $8-10/bbl additional differential between Midland and […]
From the President: Seeking Consensus
Legislative matters, regulatory issues, and the science question, revisited. Both the Texas and New Mexico legislative sessions are in full swing. Both legislatures are full of new faces. In Texas, there are over 40 freshmen House members. PBPA hosted a luncheon for these new Texas house members last month the day before the session began. […]
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