Most shale wells, regardless of lateral length, produce furiously for the first several months, then start a downward trajectory that’s accompanied by rising levels of gas and sand. This combination means that lift methods must also evolve along the well’s life. To make that happen, three Permian Basin lift companies are advancing some existing technologies. […]
Court Rulings and Your Company: What to Watch For
The U.S. Supreme Court and many other courts make decisions that affect businesses and their employees. Writing about Human Resource Management (HRM) is challenging, given the constant legal changes. Of course, the Supreme Court cases affect all the states, but it is essential that we pay attention to what happens beyond the State of Texas […]
The Dallas Fed’s Outlook, Opinions in Madrid, a new Exchange, and a Good Steak Joint Gone
The journal entries below are excerpted from recent installments of James Wicklund’s “Things I Learned…” newsletter. Perspective. The Dallas Federal Reserve Bank issued their 2nd quarter review of the oil and gas industry. Production was little changed; costs rose faster for OFS and still rose but more slowly for E&P. OFS utilization improved but margins were […]
Water Y’all Talking About?
Closely watched litigation regarding the definition and ownership of water has percolated up to the Texas Supreme Court. Interestingly, Cactus Water Services, LLC v. COG Operating, LLC[i] has received amicus curiae briefs from associations across the state representing farmers, ranchers, land, and mineral owners requesting the Court to uphold one of the fundamental foundations of […]
The Permian’s Future is Electric
AI has been at the forefront of daily investment news the past year. Nvidia this, OpenAI that. More recently, the power needs of AI have been getting column space and breathy podcast time too. Globally, AI power demand needs have been putting pressure on utilities and governments to come up with more energy production. In […]
Winning or at Least Not Losing Unemployment Claims
I often harp about hiring the right person the first time. To start this month’s topic, here is a big surprise: there are several folks in the Permian Basin who are so skilled at using AI to write about themselves that I want to shout, Stop the BS! People looking for jobs are great at […]
Bit by Bitcoin
Sometimes at the convergence of two problems there is a solution. The fact that Permian oil wells are getting gassier (setting new production records regularly) and straining gas takeaway capacity is one—and issues with massive grid demands of bitcoin mining and data processing is the other. Increasingly, producers are seeking alternative markets for gas, and […]
The Escalating Cyber Stakes
In just one year—2022-2023—ransomware attacks on operational technology (OT) in the United States increased by 50 percent, according to cyber security experts at Dragos, in their 2023 Year in Review. And cyber security firm Palo Alto Networks reported that 70 percent of industrial firms suffered a cyber attack in 2023 (The State of OT Security […]
Rig Counts, Consolidation, Super DUG, and E-Fleets
U.S. Production. Rystad Energy is out with a U.S. production forecast through 2025. Rystad Energy expects onshore U.S. Lower-48 production growth to be concentrated in the Permian. After growing about 350K bpd between the fourth quarter of 2022 and the fourth quarter of 2023, this year Rystad Energy expects fourth quarter combined Bakken, Eagle Ford, and […]
Change Happens
And the beat goes on. When will this yo-yo of rules ever end for employers? I am blessed to be able to write this article once per month, and my occasional musings are not intended to be political; they are my observations as a lifelong student of everything history. Presidents get elected every four years, […]
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