TCEQ Commissioner Emily Lindley addressed the membership of the Permian Basin Petroleum Association (PBPA) in the Midland Petroleum Club as keynote speaker for its March 17 luncheon. The Texas Commission on Environmental Quality is the environmental agency for the state. TCEQ employs approximately 2,800 workers who are located in 16 regional offices around Texas and […]
Water’s Place in the Big Scheme of Permian Things
by Jesse Mullins MIDLAND, TEXAS—After a two-year hiatus, due to Covid, the Permian Basin Water in Energy Conference, said by some to be the best conference of its kind anywhere, returned to the Horseshoe Arena in this oil town and picked up right where it left off. Or maybe it picked up just a notch […]
Opinion Will 2022 Be the Year of Comeuppance?
Oil and gas in the Permian Basin has been put through the shale shaker in this still-new decade of the 2020s. And still, the energy bulls and the ebullient forecasters keep promising that the Big Bounceback is just up ahead. Is that still the case after a 2021 full of commodity price ups and downs? […]
It Comes at a Premium
For many companies in the Oil Patch—producers or service companies—insurance is one of the top expenses, especially when the reckoning includes health policies—and premiums for that coverage are rising quickly. But the protection from loss and liability provided by insurance is important, and for many service companies it’s required by most Master Service Agreements (MSAs). […]
A Rebound Taking Shape?
Sooner or later, oil comes to the surface. It’s true in the world of nature. Any spillage of oil or gasoline on a lake or pond will float above the water. It’s true in the world of subsurface geology. Crude oil wants to rise to the surface of the earth. That’s why “traps” and anticlines […]
Seeking Its Own Level
From 2017-2019, UTPB’s Water in Energy Conference was markedly more successful than its founders had imagined. Designed to connect “industry leaders and researchers, sharing in best practices and cutting-edge approaches to some of the oil and gas industry’s most pressing water issues,” the conference in each of the first three years saw tremendous growth in […]
The NGL Factor
In Memphis, Elvis is The King. In the Permian Basin, Oil is The King. Oil’s had a long string of hits in West Texas, dating back more than 100 years. Its backup singers, natural gas and natural gas liquids, have their place, but they’ll never be the star of the show. In fact, NGLs are […]
The Deepest Dip
On April 20, 2020, the benchmark price of oil—WTI—fell to an unprecedented level of -$37.61 for May 2020 futures contracts. While this event was not on the level of the invasion of Normandy or the release of the next iPhone version, its shock waves ripped through oil and gas boardrooms around the world—mostly because it […]
Going with the Flow
The iconic pump jack, emblazoned on hats, jackets, signs, and the hearts of oil and gas people everywhere, is alive and well. No one thinks it’s going anywhere any time soon, because it does still have much work to do. But underneath the surface, some cracks are appearing in its once ubiquitous and seamless armor. […]
Being Woke: Oilfield Services Adapt to 2020
The key words in today’s economic world would seem to include “disruption, adaptation, and creativity.” Nowhere are these words more pertinent than in the oilfield services sector. There, additional key phrases would be “burning iron” and “squeezing profits.” The three companies contacted for this article exemplify another word—“diversity”—as each has taken a different path to […]
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