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 […]
OFS Jobs Continue to Climb
The Energy Workforce and Technology Council released its monthly jobs report on Nov. 7, indicating an addition of 1,736 oil & gas jobs to the Oilfield Service Industry, bringing its total to 652,874, according to preliminary data from the Bureau of Labor Statistics (BLS) after adjustments to September numbers and analysis. In comparison to the […]
Outlook for 2024: Four Trends to Watch in Oil and Gas
It’s been a successful 2023, in which the oil and gas industry has continued to win back investors and position itself as a key player of energy transition. This article looks ahead at four trends in 2024 proving to be a year full of opportunity and challenges. We’d like to offer the following insights from […]
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