As we move into 2021, I want to briefly look back at 2020 and praise some Human Resource (HR)/Human Capital leaders in the Permian Basin. Your HR leaders have been front and center to protect you and your employees, which is one heck of a juggling act. Often, they are the ones who bring goodwill […]
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 […]
Stressors in 2020 and What to Do About Them
Look into the mirror and what do you see? I am writing this article in early September, National Suicide Prevention Month, for the November edition. By the time you flip through this magazine, many things will have changed. COVID cases may have dropped off, or the perfect storm of the winter flu and COVID may […]
Next Steps in a Topsy Turvy Year
For this month’s article, my co-writer is Michael Crain. Michael’s experience includes owning and operating a restaurant, construction company, and manufacturing facility that interacted with global partners. His background includes engineering in multiple disciplines and lecturing at UTPB, achieving the Teacher of the Year award recognized across all UT campuses. He is a graduate of […]
Be a Leader, Not a Follower
The topic of face-covering remains political, central to the development of theory, and gathering of information about probable consequences appropriate to making health-conscious decisions. A recent newscaster said, when a hurricane hits, no one argues about whether it is a Category 3 or a Category 5; it is a hurricane. With regards to how to […]
How the Workforce Shapes Up
What’s it like working in the environment of 2020 and possibly beyond? In 1972 the Rolling Stones issued an album called Exile on Main Street, with a song called “Ventilator Blues.” Its chorus varies, but the first time through it says: Ain’t nobody slowing down no way Everybody’s stepping on their accelerator Don’t matter where […]
Marathon ends crude oil processing at refinery in Gallup, N.M.
Findlay, Ohio-based Marathon Petroleum said this week it is permanently ending crude oil processing at two of its U.S. refineries, including one in Gallup, N.M., with capacity of 27,000 barrels per day, as a result of “decreased product demand caused by the ongoing coronavirus health crisis.” Marathon also will idle its refinery in Martinez, Calif. […]
Hire to Retire: Be Prepared
Times have changed, and less is more. In July, I wrote about bringing back your employees to either full employment or from working from home. We have all learned that not everyone has to be physically present to get their jobs done. In that light, I would guess that commercial real estate is going to […]
Changing with the Times
The decade of 2010 opened to a “black gold rush” built upon horizontal drilling and hydraulic fracturing, drawing in a flood of investment money of all kinds. Investors dreamed of funding an unlimited Christmas list for producers and service companies alike, asking only that the list be used to expand the company so it could […]
Where Will Crude Prices Go From Here?
Two competing narratives dominate the talk today where crude oil prospects are concerned. There is the break-your-spirits pessimism parroted by the Covid-crisis crowd, beating their drumbeat of disaster. For them, the lockdowns ought be locked in a year or more at a crack. Then there is the bullishness of the glass-half-full crowd, finding positivity in […]
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