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 […]
From the Chairman: Wrangling Over Water
Various camps that are unfriendly to oil and gas are making water their point of contention. Water. It is a hot topic in Texas now, with drought concerns and high demands coming from many directions. Although hydraulic fracturing accounts for less than 2 percent of statewide water use, hydraulic fracturing and the economic prosperity of […]
Elevated Perspective
Steve Pruett and his well-placed partners have put together one of the biggest new E&P outfits to hit the Permian in several years. By Al Pickett, special contributor The most important factor in securing equity funding for a start-up energy company is people, according to Steve Pruett. “It is a marriage of people, experience, a […]
News Reviews – May 2013
The Texas Railroad Commission adopted new rules March 26 to encourage Texas operators to continue their efforts to conserve water used in hydraulic fracturing for oil and gas even though hydraulic fracturing and total mining use account for less than one percent of statewide water use. The state’s top three water consumers are irrigation, municipalities, […]
Making a Statement: Midland’s Energy Tower
It already has its own Wikipedia page, for goodness sakes. If all plans are put in motion, the latest Big Thing to hit the Permian Basin will be the 58-story Energy Tower now slated for downtown Midland. Midland-based developer Energy Related Properties will build its high rise in the heart of downtown Midland, offering more […]
Powering Up
West Texas, with its growth and its booming energy industry, has been feeling the pinch in another energy sector–electricity. “You may be in for another difficult summer, price-wise, here.” When those words come from a vice president at ERCOT, the Electric Reliability Council of Texas, they sink deep. America might run on oil, but the […]
Feeling the Impact
The Cline Shale, still in its infancy as a producing zone, is exerting a profound effect in places like Garden City and the rest of Glasscock County. While the Permian Basin is a busy place for the oil and gas industry these days from one end of the basin to the other, tiny Glasscock County […]
The Next Big Thing… Keeps Arriving
Automation is spreading two ways through the Permian Basin oilfield. One, it is filtering down from the larger companies to the smaller companies. And two, it is going far beyond simple applications, like electronic gauges to measure liquids in tanks. Matt Cosby, marketing manager at Resource Automation and Electrical, Farmington, N.M., believes that the rush […]
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