If you think you are leading and turn around to see no one is following, then you are just taking a walk. —Benjamin Hooks Each month I like to share tips for different things related to human resources. This month I’d like to share some leadership tips. Recently I was inspired by a speaker and […]
WPX Energy acquires Permian Basin assets from Felix Energy
Tulsa-based WPX Energy said Dec. 16 it is acquiring Denver-based Felix Energy, a Permian Basin operator, for $2.5 billion. WPX is purchasing Felix’s acreage in Loving, Ward and Winkler counties in west Texas in the core of the Delaware Basin for $900 million in cash and $1.6 billion in WPX stock. Felix has about 1,500 […]
Devon exits Barnett Shale with sale of assets to Banpu, Kalnin Ventures
Oklahoma City-based Devon Energy exits the Barnett Shale, “birthplace of the shale revolution,” with the sale of its Barnett assets for $770 million to Denver-based private equity firm Kalnin Ventures, which is backed primarily by Thailand coal mining and power giant Banpu. The shale position will be operated by BKU Oil & Gas Capital Partners. […]
Sharing Their Visions: Two Basin Thought Leaders
A PBPA Q&A with Christie Craddick, Texas Railroad Commissioner The Permian Basin Petroleum Association is pleased to serve up this feature for readers of Permian Basin Oil and Gas Magazine. This “PBPA Q&A” is an opportunity for readers to learn a little bit more about industry and regulatory leaders, energy pioneers and elected officials, about […]
Revolution acquires Anadarko Basin assets of Jones Energy
Oklahoma City-based Revolution II Wi said Dec. 6 it has acquired Austin-based Jones Energy in an all-cash transaction valued at about $201.5 million. The transaction is expected to close in 2020Q1. Revolution is an independent oil and gas company engaged in acquisition and development of properties in mid-continent U.S. Jones is an independent oil and […]
Ironwood expands Eagle Ford network with asset purchase from Twin Eagle
San Antonio-based Ironwood Midstream Energy Partners said last week it closed on its acquisition of midstream assets in Dimmit and La Salle counties in south Texas from Houston pipeline and frac sand company Twin Eagle. The assets include Gardendale and Asherton gathering systems of 150 total miles of crude oil gathering pipelines with connections to […]
Rig counts unchanged in Permian Basin, Texas, U.S.
Perhaps a sign of a holiday slowdown, counts of active drilling rigs in Permian Basin, Texas and U.S. were unchanged in the past week as of Dec. 13, according to Baker Hughes. There were 400 rigs in Permian (486 a year ago), 400 rigs in Texas (532 a year ago) and 799 rigs in U.S. […]
Texas Tribune panel talks about quality of life in Permian Basin
Tuesday’s panel discussion in Odessa on the impact of the oil and gas industry in Texas focused on quality of life issues. Panelists said the success of the industry in west Texas has had consequences, including wear-and-tear on regional roads, lack of affordable housing, and strains on area schools and healthcare systems. Ben Shepperd, president […]
U.S. rig count plunges 25.7 percent in past 12 months to 799 from 1,075
The count of active oil and gas drilling rigs remained flat in the past week in New Mexico (103 rigs), but Texas and the Permian Basin each lost 5 rigs. As of Dec. 6, according to Baker Hughes, Permian Basin declined to 400 (489 a year ago), and Texas also fell to 400 (529 a […]
Classifying Employees—A Primer
If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck. This saying is better known as the Duck Test and the phase was coined by the Indiana poet James Whitcomb Riley in the 19th Century. Surely you have heard this expression and it immediately […]
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