In just one year—2022-2023—ransomware attacks on operational technology (OT) in the United States increased by 50 percent, according to cyber security experts at Dragos, in their 2023 Year in Review. And cyber security firm Palo Alto Networks reported that 70 percent of industrial firms suffered a cyber attack in 2023 (The State of OT Security […]
Let Energy Freedom Ring
For years, the Permian Basin Petroleum Association has been the leading proponent of domestic energy, rallying around our nation’s need to establish a domestic energy policy that promotes places like “Midland, not Moscow.” And this July while we celebrate the 248th anniversary of the founding of our United States, our efforts to encourage natural resource […]
Rig Counts, Consolidation, Super DUG, and E-Fleets
U.S. Production. Rystad Energy is out with a U.S. production forecast through 2025. Rystad Energy expects onshore U.S. Lower-48 production growth to be concentrated in the Permian. After growing about 350K bpd between the fourth quarter of 2022 and the fourth quarter of 2023, this year Rystad Energy expects fourth quarter combined Bakken, Eagle Ford, and […]
The “Brain Drain” Issue
The Permian Basin is the undisputed leader in American oil and natural gas production—with all due respect to our colleagues and compatriots in North Dakota. With this stature comes enormous responsibilities, not just from the oil and gas industry and its workers, but across the states and counties of the Permian as well. Being so […]
Change Happens
And the beat goes on. When will this yo-yo of rules ever end for employers? I am blessed to be able to write this article once per month, and my occasional musings are not intended to be political; they are my observations as a lifelong student of everything history. Presidents get elected every four years, […]
Freedom From OPEC Starts by Investing in the Permian
Freedom from OPEC has been high on the American agenda for 23 years now. The Permian Basin is at the heart of the mission to secure American energy security. As an investor, I look for unique value propositions. The Permian, as the last significantly growing U.S. oil basin, is overlooked and underappreciated by most investors. […]
Merging Traffic
Upstream merger and acquisition activity in the Permian Basin and in the oil business overall reached record heights in 2023, and that frenzy of activity extended as well to the oilfield services sector (OFS). In the first half of 2024 hardly a day passes without at least one announcement of a deal totaling tens of […]
Something Worth Celebrating
With this issue, we welcome the official start of summer, though for many of us, that begins when the kids get out of school. Perhaps some of you are packing to travel to a cooler climate or to enjoy these sunny days stretched out on a beach. Whether home or away, this month we all […]
Powering Profitability: Financial Tips for Evolving Times
Like many industries globally, the oil and gas sector in the Permian Basin faces challenges that are impacting companies’ operations and growth. Key among these are rising operational costs, supply chain constraints, and shifting investor preferences. In fact, a trend has emerged among large national banks and investors as they shift their lending and investment […]
The Charged Climate Around EVs
We live in times of transition and surprises, so seeing that the market for Electric Vehicles (EVs) has struck a downward inflection point in 2024, causing manufacturers to apply the brakes to some of their earlier enthusiasm, should not catch us too much off guard. Lots of market segments are seeing disruption of some form […]
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