In Santa Fe, The Bull Ring mixes the business of oil and gas with the pleasure of great food. The first thing you need to know about Santa Fe, New Mexico’s The Bull Ring is this: “It’s a place to see and be seen,” says Steve Henke, president of the New Mexico Oil and Gas […]
From the Chairman: Victims of Our Own Success
Pipeline “takeaway capacity” remains one of the most critical issues facing Permian Basin oil and gas interests. Is the Permian Basin oil and gas industry about to be a victim of its own success? We are seeing $20+/bbl price differentials between WTI Cushing and Brent crude prices and recently $8-10/bbl additional differential between Midland and […]
From the President: Seeking Consensus
Legislative matters, regulatory issues, and the science question, revisited. Both the Texas and New Mexico legislative sessions are in full swing. Both legislatures are full of new faces. In Texas, there are over 40 freshmen House members. PBPA hosted a luncheon for these new Texas house members last month the day before the session began. […]
From the General Counsel: NPRI Owners and Their Interests
The Non-Participating Royalty Interest Owner has been known to make things interesting for operators when the former has not fully been taken into account. Operators of oil and gas lands can potentially tread some dangerous water when it comes to the payment of royalties to all interest owners. Typically, operators have Drilling Title Opinions drafted […]
From the General Counsel: No Going Back
The backdating of pooling agreements is not permissible, per the Texas Supreme Court. The Texas Supreme Court recently provided guidance on the practice of backdated pooling agreements when it denied review of a memorandum decision issued in June 2012 by the Eleventh Court of Appeals. Eddie E. Godfrey, individually, and Eddie E. Godfrey and Jay […]
From the Chairman: Transformational Times
The transition from conventional play to unconventional play has become the defining mark of the revitalized Permian Basin’s oil and gas industry—a transition that poses both rewards and challenges. The Permian Basin is going through a transformation from exploration for conventional reservoirs to targeting tight unconventional reservoirs. As a result, the Permian Basin is an […]
Radiating Reliability
By Al Pickett, special contributor Up Hobbs way, a radiator magnate is paying it forward as he and his charges keep their clients’ motors cool and collected. When Permian Radiator Service and Supply broke ground on a new building recently in Hobbs, N.M., it was just another example of the impact that the booming oil […]
Drilling Efficiency
Drilling efficiency is the phrase on everyone’s lips, as the bar keeps getting set higher and higher. Industry observers weigh in on getting the most drilling done in the least time for the least money. Reducing drilling costs is an everyday topic in the oil patch and there is no simple answer. Is that site […]
Legislative Sessions
With the start of a new year, elected officials in Texas and New Mexico can begin digging into legislative issues instead of election infighting. Unlike previous years when the energy industry came under fire in both states concerning regulations or the commission that regulates its activities, 2013 is a year when experts are predicting relatively […]
The Vitality of the Independents
America has not fully grasped what has happened in the hinterlands of domestic energy, where old fashioned American ingenuity has achieved one of its greatest triumphs. In our first installment, we took up the idea that it wasn’t the major oil companies who re-invented the oil and gas industry—it was the independents, mainly in the […]
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