Energy economist Karr Ingham called the rebound in late 2011 and early 2012 of the price of a barrel of crude oil “a movement of prices” not “a price spike.” He told the Midland Reporter-Telegram, “It is a movement of prices, particularly oil, to a new plateau.” Ingham said the monthly average rig count for […]
All About Water
Last fall, Texas Railroad Commissioner and former Midland resident David Porter appointed an Eagle Ford Task Force to discuss water quantity and usage as it relates to oil and gas production in the burgeoning Eagle Ford Shale in South Texas. It is a critical issue facing all major producing basins in North America, including the […]
All About Water
Last fall, Texas Railroad Commissioner and former Midland resident David Porter appointed an Eagle Ford Task Force to discuss water quantity and usage as it relates to oil and gas production in the burgeoning Eagle Ford Shale in South Texas. It is a critical issue facing all major producing basins in North America, including the […]
Letter From The President (PBPA) ~ Looking Ahead
The year 2012 is off to a wonderful start. Last month’s Top Hand award banquet, honoring Tim Leach of Concho Resources, was a tremendous success and I appreciate the strong level of support. This marks the fifth year in a row that the event has sold out. I apologize to those who were not able […]
From the Chairman of the Board
As the Permian Basin Petroleum Association moves into its 50th year we find our organization in many ways reflecting a rich history while at the same time meeting challenges and accomplishments that are in themselves historic in nature. Thanks to the efforts of Ben and his staff we have a PBPA membership that is highly […]
From the General Counsel ~ Angela Staples
Based on the frequency of my articles that concern the statute of limitations, I am certain that some (many?) of you must think that I am unreasonably obsessed with the topic. While I can’t dispute that it interests me, the number of articles is actually due to the recent surge in lawsuits, and Texas Supreme […]
News Reviews
The Texas Railroad Commission recently adopted what it calls one of the nation’s most comprehensive chemical disclosure rules for hydraulic fracturing fluids. The rule will require Texas oil and gas operators to disclose on a website chemical ingredients and water volumes used to hydraulically fracture wells in Texas. The rule applies to wells that receive […]
“A Special Place” – PBPA Top Hand Banquet
In accepting the PBPA Top Hand award on Jan. 19, Tim Leach turned the event into a celebration of his own “top hands” and a tribute to Midland, the Permian Basin, and the people who make their shared world special. It was a “roast” of sorts, as master of ceremonies Steve Beal led the string […]
Workovers
Bits and Bites A late winter (early spring?) roundup of tidbits and talking points. With Valentine’s Day upon us, can spring be far behind? And if spring is not far behind, then while you’re pondering that Valentine’s Day gift for her, you could be contemplating a place for dinner—and we’ve served up the first in […]
SpOILed: The Movie ~ Is America SpOILed?
A new feature-length film documentary on the oil industry answers oil’s critics but goes far beyond to supply a much-needed reality check, not just for America but for the world. The early buzz—at least within the Permian Basin—for the just-released feature length film documentary SpOILed is enthusiastic. Filmmaker Mark Mathis will be in Midland Feb. […]