Cloyce Talbott, co-founder of Patterson UTI, was all in for drilling, right from the get-go. By Hanaba Munn Welch Cloyce Talbott wasn’t born into the oil business. Just almost. In 1939, at Megargel, Texas, Talbott’s father took the advice of a neighbor, lease operator C. T. Hedges, and acquired a lease with four wells—shallow wells […]
The Driller and the Monkey
by Bobby D. Weaver Oil well drillers tell a host of stories on themselves. One of my favorites is the story of the driller and the monkey. It seems that some years ago a driller from West Texas took a job in South America. It paid extraordinarily well, but the location was deep in the […]
Apache Corp. the Latest to Impress National Press
National media outlets continue to discover and weigh in on the Permian Basin energy boom, as the Reuters news service did in December. Apache Corp. was the primary focus in a report that highlighted the heightened activity and new ways of conducting business in the oil fields of far West Texas and Southeast New Mexico. […]
Positively Positive
Whether we’re three years into the upswing or five or more–depending on where one fixes the starting point–it’s clear that reports from the field just keep saying the same thing: business is good. Dallas-based Pioneer Natural Resources recently announced record horizontal drilling results in West Texas. Scott D. Sheffield, chairman and CEO, said, “Our first […]
New Mexico Begins 30-Day Session
By the time this issue circulates, the New Mexico Legislature will be more than halfway through its 30-day Legislative Session. Whether that lawmaking occasion will produce or amend any oil and gas legislation is a question on the minds of some, but answers won’t be clear until the proceedings are well under way. By Feb. […]
The New Next-in-Line
Danny Campbell, President of Henry Resources, who became chairman-elect of the PBPA in January, has tracked a career that has shown him all sides of the oil and gas business. By Al Pickett, special contributor Even R. Danny Campbell admits that his career has in many ways mirrored the oil and gas industry in the […]
Riding a Wave
“Nodal” seismic is just the latest step in a continuing evolution of this ground-shaking industry. By Hanaba Munn Welch Survey the world of seismic, and nodal systems emerge as trendsetters. Also called “blind” systems, cable-free nodal technology depends on the collection of data via autonomous nodes—small compact cable-less battery powered devices containing all equipment required […]
Staying on Track
Richard Folger has kept Warren Equipment true to its roots and right where it ought to be: a sales-and-rental business maintaining “big company service” with a “small company atmosphere.” By Paul Wiseman, special contributor Almost 40 years ago, in 1974, Johnny Warren (since deceased) bought Compressor Systems, Inc., from Treanor Equipment Co. as a relatively […]
Poised for a Breakout
As the Permian Basin keeps expanding, both in activity and in geographic reach, the city of Lubbock comes more into play. By Al Pickett, special contributor When one thinks of Lubbock, the first things that probably come to mind are the twin facts that the Hub City is home to Texas Tech University and the […]
Making a Statement
The Permian Basin continues to exceed expectations and outstrip other producing regions. Where it all will lead, no one knows, but our sources discuss the implications, here and beyond the Permian’s borders, of an unprecedented oil and gas turnaround. [Editor’s Note: In this second installment, we examine the impact of growth within the Permian Basin […]
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