by Jesse Mullins Heavy regulation is hard enough on an oil and gas operator, but the hampering effect felt by smaller operators in West Texas and New Mexico is especially onerous. Kendrick Oil and Gas Company president Phil Kendrick, Jr., had plenty to add in this vein. (See other remarks by Kendrick in our […]
When Smaller Doesn’t Mean More Manageable
by Lana Cunningham From the era of cable tool rigs and the Model T Ford to today’s instant communication by cell phone and computers, Phil Kendrick, Jr., has worked through generations of changes in the petroleum industry. His father started Kendrick Oil & Gas Company in Abilene in 1918 and the son, at 86, […]
From the General Counsel: The Overriding Royalty Interest
Overriding royalty interests (“ORRIs”) and the way they are treated by both Lessees and case law have been a cause for some contention in Texas. As many are aware, ORRIs terminate when the lease terminates. This allows a calculating Lessee to choose to let a lease terminate, and take a new lease without the ORRI […]
From the President: The Busy Season
The New Mexico legislative session has been a strange one, so far. It may be a result of 35 new members and new leadership in both Houses. House Energy Chairman Brian Egolf (D-Santa Fe) has several bills not friendly to oil and gas. HB 136 is a hydraulic fracturing, chemical disclosure bill. Disclosure is fine […]
From the Chairman: Supply & Demand – In Perspective
No one in this industry has a crystal ball, but even so, it’s helpful sometimes to ask, and try to anticipate, where things are headed. The Permian Basin oil field has had a high level of activity for the last three years. This high level of activity has brought a number of positive effects on […]
To Keep Moving Forward
He took the name for his mechanic shop from a tool box, of all things, but then Mike Torres has been pulling answers out of tool boxes for a long time. Torres, the founder and operator of Stars and Stripes Rig Service of Denver City, Texas, is making a name for himself as a tackle-anything […]
Will Rising Regulations Sink Small Operators?
The office isn’t easy to find. It’s listed as Suite 204 on the ground floor directory, but none of the doors along the hallway lists a Suite 204. Finally, another tenant gives directions to go to the end of the hall (which appears to be a dead end), turn right, and look in the door […]
Well Servicing: A Trade in Transition
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 […]
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