Remember, Common Sense by Thomas Paine, 1776: “Society in every state is a blessing, but government even in its best state is but a necessary evil; in its worst state an intolerable one.” March 2022: The past is the past. Let it go, for now. Be prepared for the rest of the year and what […]
Getting Your House In Order
How do employers find employees during an extreme labor shortage? This month we examine quality hiring and best practices as the Great Resignation continues. Workers in the shortest supply are service workers, educators, and healthcare workers. A recent visit to the emergency room at a hospital near you was beyond shocking. There were four times […]
Supply and Demand
Remember the term, Paradigm Shift? It is defined as a fundamental change in approach or underlying assumption. Remember Jack Nicholson’s famous quote from A Few Good Men? “You Can’t Handle the Truth!” Well, as employers, we need to be able to handle the truth. It is time to figure out the barriers to retaining and […]
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). […]
The Permian in Perspective: A Q&A with Jason Reimbold
An energy lending institution since 1910, BOK Financial (it derives its current name from its earlier name, Bank of Oklahoma) maintains offices in Houston, Denver, Tulsa, Oklahoma City, and Dallas, and invests more of its portfolio in Permian Basin projects than in any other basin. Jason Reimbold, Managing Director of Energy Investment Banking at BOK […]
The Future of Work
Where will employees want to live and work? Time to drop a pin: Work-life balance has changed, and workers are in the driver’s seat. High wages in the Permian are commonplace, but the work-life saga is coming to a town near you, even in Timbuktu. Those companies and locations that are forward-thinking may be the […]
The Vaccinations Issue
How will businesses survive this pandemic? How will businesses stay healthy, wealthy, and wise? There seem to be many different schools of thought concerning how best to keep employees well enough to work during this pandemic. Americans enjoy a degree of freedom of choice, but some limits and opportunities tip the scales and allow employers […]
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 […]
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