Deep Dive: People are your most expensive line item. How do you save money? Pay attention to turnover rates. This month we address critical issues to keep in mind when hiring and firing staff. Is anyone an At-Will employee? Can you fire an employee just because? Is it the right thing to do to provide […]
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 […]
Banking on the Basin
It’s clear that the Pandemic has loomed over just about everything since 2020, but even before that the oil patch’s financial model had begun to change. Jeremy Bishop, president of Midland’s First Capital Bank of Texas, noted that equity financiers have changed their model from what he called a “build and flip” to an operate-within-cash-flow […]
Common Sense
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 […]
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