By Bill Price An important question facing businesses today is uncertainty about how the new Affordable Care Act, better known as Obamacare, affects them as employers. The employer ponders some big questions: Will it apply to my company? Will the changes make it too expensive to insure my employees? Obviously the most important human resource […]
Enter the FRF for SMEs
You’ve heard of GAAP, “cash basis,” and other financial reporting frameworks. Now comes the new FRF for SME, which is designed by a national CPA organization to specially serve small and medium sized businesses. The American Institute of Certified Public Accountants (AICPA) issued the Financial Reporting Framework for Small-and Medium-Sized Entities (FRF for SMEs) to […]
The Horizontal Severance Question
As many know, Pioneer Natural Resources USA, Inc., (“Pioneer”), recently requested that the Texas Railroad Commission amend the field rules for the Spraberry (Trend Area) Field in Districts 7C and 8 to allow for duplicate assignment of acreage when mineral rights were horizontally severed. Statewide Rule 40(d) prohibits the duplicate assignment of acreage. The Spraberry […]
Light Sweet Crude and Refineries: An Overload in the Making
At the PBPA Annual Meeting, Pioneer Natural Resources’ President and COO Tim Dove raised a concern about the growing excess of light sweet crude being developed in the unconventional plays in the Permian Basin, exacerbated by the light crude and condensate being developed in the Eagle Ford. Not coincidentally, Pioneer is one of the major […]
News Reviews: Infrastructure Keeps Catching Up
Ripples from the drilling boom keep extending outward. The second phase of construction on a crude oil rail loading facility in Wink, Texas, by Houston-based Genesis Energy is nearing completion on the Texas-New Mexico Railway, which connects to Union Pacific in Monahans. The facility, an origin terminal, will give the company the ability to load […]
Out and About: Tops in the Industry
The debut celebration of the Southwest Oil and Gas Awards recognized the best in the region. Carried along on a mood of festivity and well wishing, the 2013 Southwest Oil and Gas Awards recognized the top performers in this region’s oil and gas industry as a glamorous gala dinner and awards ceremony unfolded Oct. 22 […]
Safety: Struck-by and Caught-between
These two categories of accidents are sadly too common and quite often leave lasting tragedies. By Darrel Canada With Oct. 1 having marked the beginning of a new year on the “accident counts and fatalities” that have been reported to the BLS (Bureau of Labor Statistics), we here in Region 6 come into the new […]
Work and Play: The Road Goes on Forever
And so do the goodies at La Bodega. Where to Eat: Cheese Chile Relleno, you are marvelous. Let me count the ways. Your gooey center surrounded by spicy peppery goodness. Your layer of perfectly fried dough—of course you’re fried, you couldn’t be any other way. Your blanket of sweet and spicy fresh tomato sauce, […]
Sand is BIG
And getting more complex, along with the ceramics that have joined the proppant ranks. Meanwhile, growing demand, shrinking mesh sizes typify changes for the proppant industry. “Be a tiny grain of sand Words of wisdom, ‘Yes, I can.’” So sang Earth Wind and Fire more than a few years ago, and today, tinier and tinier […]
From the General Counsel: A Matter of Balance
The Eleventh Court of Appeals, located in Eastland, Texas, recently dealt with an issue I tend to avoid, if I can, in these articles: the seemingly never-ending dispute between the respective rights of surface owners and oil and gas operators. In this unique case, the operator, Southwest Royalties, Inc. (SRI), sued the surface owner, Mr. […]
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