“Go to the ant,” suggested King Solomon, because even without a company man, the ant “stores its provisions in summer and gathers its food at harvest.” Retired veteran oilman Mike Shellman admits that he is a contrarian when it comes to how fast and hard to push production from new wells. And he avoids shale […]
Shifting Sand
As prevalent as a PropX box. While that line, above, is not a commonplace figure of speech in the Basin, it might as well be. The PropX box is everywhere. That’s because sand is everywhere—or at least it is going everywhere. And usually on the road that you are driving on. When God put the […]
Where the Water Goes
An oil well produces three things: oil, natural gas and (mostly) water. All three of those things have to have somewhere to go in order for the well to operate, and right now only two of them are profitable. The last is working its way up from being a nuisance to being a useful byproduct, […]
Employee or Independent Contractor?
This subject may have become the latest hot topic in the oil industry. However, the January 10, 2024, rule from the U.S. Department of Labor (DOL) was no surprise to me. If you followed case law, you had to know it was coming. Effective March 11, 2024—yes, this month—the previous, January 7, 2021, final rule […]
2024 Outlook: Mixed, But Promising
In releasing its 2024 Outlook in January, Enverus researchers and prognosticators see a decline in the huge merger and acquisition frenzy of the previous year, and they see the remaining Permian producers keeping the flow going by attacking secondary zones with new technology and procedures. Enverus Intelligence Research’s Senior Geology Associate on the Permian Team, […]
Mergers and Acquisitions: What happens to the HR Staff?
One of the first departments to go with mergers or acquisitions is the human resource (HR) department. With that departure, the acquiring firm, or the more powerful merged firm, loses institutional knowledge when the HR staff departs. Instead of getting rid of the acquired HR staff, keep them. The HR staff departs for several reasons. […]
California’s Green Gambit
Earlier this year, California passed regulations that would turn the trucking industry upside down. New mandates for zero emissions trucks would disrupt the industry, raise shipping costs, and put trucking companies out of business. A group including 19 states and several trucking organizations recently filed suit to block the California regulation. California’s Advanced Clean Fleets […]
Grow our Workforce
A qualified local workforce takes investing in our schools, community, and infrastructure. Wow, it is 2024, and the future of the Permian Basin looks bright, partly due to the investment of money and time that most of our energy leaders made in working so hard to help pass the school bonds in Midland, Odessa, and […]
The Barnett Bonanza is Coming, Says Enverus
Enverus Intelligence Research (EIR), a subsidiary of Enverus, an energy-dedicated SaaS platform, has released on Nov. 7 a new report examining various exploration and production (E&P) companies testing the Barnett Formation in the Midland Basin, including economic and productivity outcomes. “Sometimes the best place to find new oil is in already-producing areas, which neatly describes […]
Culture Needs Ethical Underpinnings
by Chuck Gallagher In an era marked by digital transformation, evolving work dynamics, and heightened public scrutiny, one might expect organizations to foster a culture embedded in ethical foundations. Yet, as recent statistics highlight, the reality presents a concerning disconnect. A predominant number of employees—87 percent to be precise—indicate their workplaces lack a foundational ethical […]
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