Although the oil and gas industry in New Mexico is booming—as it is in the rest of the country—these days, Wally Drangmeister calls the state’s industry “a tale of two basins.” Drangmeister, the director of communications for the New Mexico Oil and Gas Association, pointed out that there are a near-record 87 rigs operating in […]
Where Loyalty Still Counts: Mack Chase
The word “artesia” refers to “rising to the top.” Fittingly, the town of Artesia, N.M., is home to an entrepreneur and philanthropist, Mack Chase, who has not only risen himself, but has helped others rise as well. With instincts, luck, and a lot of hard work, Mack C. Chase has forged […]
News Reviews
Barry Smitherman, chairman of the Texas Railroad Commission, testified in Washington, D.C., June 6 before the Energy and Commerce Committee of the U.S. House of Representatives about how some federal policies of the U.S. Environmental Protection Agency are “misguided and detrimental” to energy production in Texas. “Mr. [Al] Armendariz’ agenda was seemingly politically driven and […]
From the General Counsel
In New Mexico, the Court of Appeals rules on whether oil and gas producers can waive their obligation to pay interest on proceeds held up by delays in distribution. The New Mexico Court of Appeals was recently called upon to determine whether a contractual agreement to waive interest on proceeds owed to mineral owners was […]
From the Chairman of the Board
A ruling in mid-June rewards months and even years of diligent effort by Permian Basin energy interests and this region on the whole. At the time of this article being written, June 13th, we have received word that the U.S. Fish and Wildlife Service has made the decision not to list the Dunes Sagebrush Lizard […]
From the Association President
The decision against listing the Dunes Sagebrush Lizard as endangered is a victory for clear thinking, responsible scientific study, and regional economic health. And it shows the effectiveness of rallying to a cause. At long last, the U.S. Fish and Wildlife Service has ruled NOT to list the Dunes Sagebrush Lizard as Endangered. This decision […]
Green Tree Gold Tournament
An Ace of a Tournament A record number of participants hit the links April 23 for the annual PBPA Green Tree Golf Tournament, as 336 entrants vied for a variety of exciting prizes. Supreme among those was a prize that probably no one expected would be won that day—the offer of a brand new F-150 […]
News Reviews
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 […]
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