You’ve heard of GAAP, “cash basis,” and other financial reporting frameworks. Now comes the new FRF for SME, which is designed by a national CPA organization to specially serve small and medium sized businesses. The American Institute of Certified Public Accountants (AICPA) issued the Financial Reporting Framework for Small-and Medium-Sized Entities (FRF for SMEs) to […]
Human Resources
Employment Picture: Permian Basin Who is gaining ground and who is losing ground? By Bill Price, Ph.D. Editor’s Note: With this article we introduce our newest columnist, Dr. Bill Price, whose credentials in human resources are cited in the article’s tagline. Besides his training in HR, Dr. Price had a career in the United States […]
Elevated Perspective
Steve Pruett and his well-placed partners have put together one of the biggest new E&P outfits to hit the Permian in several years. By Al Pickett, special contributor The most important factor in securing equity funding for a start-up energy company is people, according to Steve Pruett. “It is a marriage of people, experience, a […]
When Smaller Doesn’t Mean More Manageable
by Lana Cunningham From the era of cable tool rigs and the Model T Ford to today’s instant communication by cell phone and computers, Phil Kendrick, Jr., has worked through generations of changes in the petroleum industry. His father started Kendrick Oil & Gas Company in Abilene in 1918 and the son, at 86, […]
Play-by-Play Report
The Permian’s productive plays are newmaking and interesting in and of themselves, but they reveal unique and often-unexpected qualities when alongside the plays of outlying regions. Pete Stark calls them the “Big Three” of the tight oil plays. “If you look at the Bakken, the Eagle Ford, and the Wolfberry, those three plays have been […]
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