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 […]
Growth Projected for Texas, U.S.
By Dr. Ray Perryman The most recent Perryman Economic Forecast for the United States and Texas calls for growth through 2027, though the path will likely be somewhat uneven. According to Dr. Ray Perryman, President and CEO of The Perryman Group, “The nation is facing significant headwinds. Although inflation is finally moderating, the inevitable fallout […]
Permian Energy Development Lab Get $1 Million From Foundation
The National Science Foundation (NSF) announced in May a funding award to lay the groundwork for a new regional innovation engine in the Texas and New Mexico Permian Basin. The grant funding—$1M to cover a two-year period—is the first step toward a potential ten-year, $160M NSF investment. NSF is an independent federal agency that provides […]
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