It was Marion King Hubbert, a U.S. geoscientist, who first proposed the theory that oil production would reach a “peak,” based on available reserves, after which it would fall precipitously. At a 1956 American Petroleum Institute meeting he presented a paper showing a bell curve of U.S. oil production, with the chart displaying an inflection […]
Artificial Intelligence
Covey said famously, Begin with the end in mind. Let’s talk a bit about artificial intelligence (AI). What is the good, the bad, and the ugly? The good is that it improves individuals’ writing abilities. Or does it? I can tell, in a second, something that AI has written. Refrain from falling for a glossy […]
Reality Bites: Lenders Roll with the Changes
By Paul Wiseman In the early shale boom days of 2010 and off-and-on through about 2018, getting financing was relatively easy. Private equity (PE) funds and banks alike saw the drilling and production boom as an opportunity to grow their investments. Funds looked to buy into both operators and oilfield service companies, bankroll a […]
Quiet Hiring
In resuming the topic of recruitment from last month, I want to mention the latest buzzword: quiet hiring. Remember quiet quitting and quiet firing? I would be a millionaire if I could be clever enough to come up with these terms. I want to give credit to Gartner’s “future of work” team, who appear frequently […]
Q&A: Helping Operators to Optimize Production from Complex Shale Reservoirs
For shale operators, midstream companies, and gathering network or saltwater distribution network owners, it can be difficult to uncover how to get the most production and overcome operational challenges in the field. Schlumberger’s Serdar Atmaca, Business Development Manager – Digital Ops Solutions, and Nicolas Gomez Bustamante, Principal Production Engineer – Digital Ops Solutions, explain how […]
Recruiting and Retention in the Permian Basin
Last month I wrote about best practices for hiring. This month, I want to take a step back and look at recruiting in a market where recruiting keeps getting more and more difficult. I have taken a new job as the Director of Recruitment and Retention for the largest employer in Midland. I will not […]
To Frame the Discussion
By Paul Wiseman “I’ve spent my lifetime on this, 46 years, and this is the worst position I’ve seen us in, in 46 years,” said Mark Stansberry, an oil and gas advocate as well as energy advisor and corporate development strategist. Indeed, it is not hard to find someone bashing oil, natural gas, and […]
A Three Day O&G Immersion
FORT WORTH, TEXAS—The SuperDUG 2023 oil and gas conference gathered the faithful to this city and its Convention Center for three information-packed days of speakers, sessions, panels, and pronouncements, as well as a trade show and a full slate of off-premises receptions, parties, performances (including Reckless Kelly), and the like. The May 22-24 event produced […]
Hiring an Ethical Workforce
“Hire right because the penalties of hiring wrong are huge.” —Ray Dalio This is my third summer writing about hiring the right employees. I continue to follow an executive, and in the past year, the guy has changed jobs twice. You want to ask, are companies that desperate, or is there something else going on? […]
Cyber Security: “A Marathon, Not a Sprint”
By Paul Wiseman The great majority of successful hacks—for ransomware, spyware, information theft, or just plain chaos—come through human error. That is, someone opened a phishing email and entered a password or account number. But three oil and gas industry security experts said that, while education on that front is vital and ongoing, hackers are […]
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