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, […]
Freedom From OPEC Starts by Investing in the Permian
Freedom from OPEC has been high on the American agenda for 23 years now. The Permian Basin is at the heart of the mission to secure American energy security. As an investor, I look for unique value propositions. The Permian, as the last significantly growing U.S. oil basin, is overlooked and underappreciated by most investors. […]
Merging Traffic
Upstream merger and acquisition activity in the Permian Basin and in the oil business overall reached record heights in 2023, and that frenzy of activity extended as well to the oilfield services sector (OFS). In the first half of 2024 hardly a day passes without at least one announcement of a deal totaling tens of […]
Powering Profitability: Financial Tips for Evolving Times
Like many industries globally, the oil and gas sector in the Permian Basin faces challenges that are impacting companies’ operations and growth. Key among these are rising operational costs, supply chain constraints, and shifting investor preferences. In fact, a trend has emerged among large national banks and investors as they shift their lending and investment […]
Permian People
Enverus, an energy-dedicated SaaS and generative AI company, announced May 29 the promotion of Manuj Nikhanj to the position of CEO, effective July 1. Nikhanj, who served as Enverus’ president, succeeds Jeff Hughes, who will continue to support the company in the role of executive chairman. “With global scale, a growing customer base, […]
Title VII and the Supreme Court
This article is the hot topic for July. When the Supreme Court issues an opinion, we must pay attention to it—especially when it deals with our employees’ rights. Title VII of the Civil Rights Act of 1964 prohibits employment discrimination based on race, color, religion, sex, or national origin. The law has added more protections […]
Bucking the 80-20
Some business coaches cite the 80-20 rule—which says 80 percent of a company’s productivity comes from 20 percent of its product lines—to recommend identifying and eliminating the less productive offerings in order to increase profits. That works great in a static business sector, where your main product or service line can be predicted. But in […]
Overtime and Bonus Pay for Nonexempt Employees
Several years ago, I wrote on this topic of overtime and bonus pay for nonexempt employees, and I continue to have clients ask about these matters. This is super easy to understand if employers will take the time to review the Department of Labor’s (DOL) webpage, review the easy-to-read Fact Sheets, listen to your Human […]
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