As we discussed a few months ago, the Permian Basin is starting to feel the impact of AI data centers creating demand for natural gas fired electricity. Chevron and Diamondback Energy are two of the larger players engaging in projects to power AI data centers. For investors, those deals barely move the needle for a […]
How Low Could Crude Prices Go—Or Will They Fall at All?
President Trump is calling on OPEC to increase U.S. crude production, which could easily push crude prices lower into this second quarter of 2025, as supply would likely then outpace demand. Just how low could prices go—or will they fall at all? The answer depends on a confluence of factors, as supply is just one part […]
Welded Together
As a whole, the oil patch is a tight-knit community, especially in the Permian Basin, where almost everyone is in the business one way or another. And the welding community seems to be particularly close-knit—or more precisely, welded together. Here are stories of two entrepreneuring welders—Daniel Rodriguez of Shadow Welding and Jaron Tuttle of Tuttle’s […]
The Produced Water Challenge
You are probably aware that the water problem in the Permian Basin is dire—it is the desert, after all. But the issue isn’t so seemingly obvious. Of course, as a natural resource, water is scarce in the Permian, and that is an issue that in itself places constraints on growth and development. But that is […]
Improving Plugging and Abandonment Procedures
Daily news feeds and internet searches abound with abundant negative images about the oil and gas industry. These images feed the negative messaging that anti-fossil fuel groups are eager to magnify. In response, regulators add regulations—often without industry input. If the industry is going to rehabilitate its image, it must demonstrate its desire to be […]
The Unintended Consequences of Over-Zealous Regulations
Let’s face it, there aren’t many jobs in Cut Bank, Montana. And of those that do exist, the top-paying ones are jobs in the energy industry, like oil and gas operators and energy service companies. Some of those oilfield jobs involve companies such as Montalban Oil & Gas Company (MOGO), owned by Patrick Montalban. MOGO […]
Hiring and Retention: Everyone’s Challenge
While hiring and talent acquisition and retention have long been issues across all sectors of the American economy, perhaps nowhere do those issues pose such unique challenges as are found in the Permian Basin. And yet these are challenges that have been answered with innovation and energy. Considerable effort has been made over the years […]
Landman Launches, a 21-Well Pad, and O&G’s New Best Friend
Money? It’s Baaaaaccckk. You hear things from different people with different connections. It is always nice as an analyst to try and put things into perspective. A recent Hart’s article quantified some numbers and the implications are interesting. Oil, natural gas, and midstream development have gotten hot. Quickly. In the last 10 days of October, almost $20 billion of private equity funding […]
Holding the Line, Measured Approaches, and What the Web Revealed
The journal entries below are excerpted from recent installments of James Wicklund’s “Things I Learned…” newsletter. Funk. The oil and gas business continues in a funk, with oil prices around $70, the world fairly awash in oil and the hopes for demand growth not yet materializing. The sector has held the line on capex and spending, […]
Permian Basin Under Trump 2.0
During President Trump’s first term he was able to streamline regulations and support infrastructure development. Much of that infrastructure is now complete. Going forward, the most important things that a new Trump administration is likely to achieve is loosening environmental regulation, which has bordered on onerous, and allowing a continued move to consolidate assets. Under […]
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