This month I’m going to talk with you about hiring the right people. In October, I reviewed the basics of hiring and firing but I want to talk about making the right hire. Why the reference to the Ides of March? It is because Julius Caesar was assassinated and if you also remember your Roman […]
Filling the Potholes on the Road to Progress
Since the advent of the frac era, the idea of taking a leisurely drive in the country anywhere in the Permian Basin has dwindled to a speck in the rear view mirror. Some roads, particularly U.S. 285 between Pecos and Carlsbad, S.H. 302 through Winkler County, and I-20 pretty much anywhere along the Odessa-Midland corridor, […]
Enverus acquires RS Energy Group in technology company merger
Austin-based Enverus, a leading energy SaaS and data analytics company, said Feb. 12 it has acquired RS Energy Group, a technology firm focused in the upstream oil and gas industry. Enverus said the acquisition “combines the companies’ complementary strengths to accelerate technology, machine learning and advanced analytics across the energy market.” Enverus said its technology […]
Permian adds rigs for third straight week, record production continues
Permian Basin added rigs for the third straight week as of Feb. 28 in Baker Hughes’ weekly report of active oil and gas drilling rigs amid reports of continued record production in U.S., rising exports and sinking global demand. Permian added 2 rigs in past week for a new total of 411 (466 a year […]
Amarillo, Rattler form JV for natural gas gathering, processing system
Amarillo Midstream, an ArcLight Capital Partners portfolio company, and an affiliate of Rattler Midstream, a subsidiary of Midland-based Diamondback Energy, said Feb. 20 they formed a joint venture to own, operate and expand a natural gas gathering and processing system in Midland Basin. Amarillo Rattler, the new entity owned 50 percent each by Amarillo Midstream […]
Cimarex to spend 90 percent of drilling/completion budget in Permian
Denver-based Cimarex said Feb. 19 it will spend more than 90 percent of its drilling and completion capital investment of $950 million to $1.05 billion in 2020 in the Permian Basin. The company plans for a total of 77 wells on production in 2020, including 25 in 2020Q3, in Permian Basin. Permian activities will focus […]
O&G’s X Factor
Never spend your money before you have it. —Thomas Jefferson What some might consider a bad habit—waiting 60-90 days to pay invoices—has birthed a business sector whose purpose is to bridge that gap by advancing money on those unpaid debts. Known as factoring or accounts receivable (AR) financing, this service allows companies—usually service providers—to stay […]
When Love Takes Over
Love is in the air. Happy Valentine’s Day. Have you noticed that love is in the air and occasionally at work? So, what does your employee handbook say about office romances? If you don’t have one on employee dating, I recommend you develop one and have every employee sign it. This can be a part […]
Sphere of Influence
Once again, a state agency tasked with serving the vastness of the Lone Star State has turned its attention to the Permian Basin. The reason: The Permian Basin Sphere of Influence. Those who live and work in the thick of it shared their perspective at the first meeting of the Permian Basin Regional Freight and […]
Sharing Her Vision: A Basin Thought Leader
A PBPA Q&A with Vicki Hollub, President and CEO, Occidental Petroleum Corporation Occidental is the largest producer in the Permian Basin, and the company has been a valued operator in the region and member of the Permian Basin Petroleum Association. Tell us about Occidental’s business in the region. We are proud to be the No. […]
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