To change the message of the Permian, we need to start by cleaning our own house. That comes by reviewing one employee at a time. Some should stay, and some should go. Keep the positive, hardworking, and loyal ones. Keep the ones who give more than 80 percent and show up on time but are […]
Endeavoring to Make a Difference
We live in interesting times. What the world has taught us since Covid is that nothing that one might expect to happen, will happen. Rather, what happens is something altogether unexpected. WTI was supposed to climb above $100 before year’s end. As this sentence is being formed, it stands at $75. The price of crude […]
First Generation Americans in the Workforce
Midland College had an event in September titled The Latina Women’s Conference. I attended and listened to a panel of ten women discussing how they could get bachelor’s and master’s degrees, get great jobs, and start their businesses against what many would consider difficult obstacles. Those obstacles included growing up without enough to eat, […]
The New Peak Discussion
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 […]
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