Ripple Effects As the wider public gets a fuller appreciation for the Permian’s productivity, estimates keep climbing, boom towns keep booming, and export prospects pick up traction. Scott Sheffield says Wall Street never loved the Spraberry, a large oil field in six counties of west Texas, until three or four years ago. But at the […]
From the General Counsel
New Mexico Beckons The possibility of changes to the “pit rule” could make the state more appealing to energy producers. Could relief be in sight for higher-priced oil and gas operations in New Mexico? May 14, 2012, saw the beginning of the public hearings in front of the New Mexico Oil Conservation Commission regarding proposed […]
From the Chairman of the Board
Economic Analysis In any public debate, being able to quantify the real stakes is the first step toward a fair and accurate resolution. It is said that a rolling stone gathers no moss. However, here in the Permian Basin it appears that a rolling stone rolls faster and faster. As the resources plays continue […]
Corrosion Control
In the Permian Basin, accepting and mastering corrosion brings cost containment and peace of mind. Remember the television commercials for Fram oil filters that made the phrase “Pay me now or pay me later” a recognized part of American culture? Well, those involved in the corrosion control end of the oil and gas industry could […]
Workovers
June is busting out all over, in peak fashion, and with the weather warming up and the deal-making getting even warmer, the month of firsts, of roses, of marriages, and of the Sacred Heart can be also a month of unparalleled success in Permian Basin operations. The days are longer than at any time of […]
Profile: Mark Machen, president of Blue Quail Water Transfer
In an industry that is chock full of dizzyingly complicated technological processes and procedures, there’s something somehow gratifying in contemplating a trade that anyone can grasp. The business of “water transfer” fits that description. It’s an essential task—a veritable “from Point A to Point B” logistic—but it calls for professionalism and its own unique set […]
Chesapeake’s Chess Move
Chesapeake Energy’s anticipated divestiture of as much as $5 billion in Permian Basin assets is not likely to soften the local market, observers say. The flurry of news reports detailing the financial stresses of Chesapeake Energy, cropping up in mid-May, brought with them the disclosure that the Oklahoma City-based firm is looking to find buyers […]
Opportunity Knocked
The word “Wolfberry” and the name “Jim Henry” will forever be linked in the petroleum history of the Permian Basin. The story’s been told numerous times, and in various ways, but if there is a good “short version” of the tale, it’s in this capsule remark from Henry’s friend Jim White: “He [Jim […]
Epicenter of a Revolution; Part 3 in a Series
No matter where Larry Richards has traveled in the world, He always runs into someone who has been to the Permian Basin. As president of Midland-based Hy-Bon Engineering, Inc., he was in Siberia last year overseeing one of his company’s projects. “I told the group I was from Midland and two men […]
Navigating the Hurdles
Amidst an atmosphere of positivism and enthusiasm, the 18th Annual Executive Oil Conference gave evidence that the Permian Basin, with its technologies and leadership, is poised to enter what could be its greatest chapter. The all-day sessions, which included a number of speakers as well as two panel discussions by industry experts, convened April 3 […]
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