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 […]
Price Wars
The oil and gas industry is no stranger to challenges, which historically have been overcome through innovation and collaboration. However, working together to develop solutions is not an option when the threat surfaces from within. With the Permian Basin so enriched by its vast oil and gas assets, the trucking industry should be capitalizing on […]
Permian People
Enverus, an energy-dedicated SaaS and generative AI company, announced May 29 the promotion of Manuj Nikhanj to the position of CEO, effective July 1. Nikhanj, who served as Enverus’ president, succeeds Jeff Hughes, who will continue to support the company in the role of executive chairman. “With global scale, a growing customer base, […]
Survivor Guilt?
As I have alluded to before, I’ve seen and heard of some horrible accidents. I’ve delivered death messages and even experienced one delivered to myself and my family. Such traumatic moments summon to mind related terms—PTSD, often associated with military action, being one of these. Unfortunately we, in our industry, encounter this issue more frequently […]
Spring Swing: Fairways and Fellowship
ODESSA, TEXAS—It was a beautiful Monday, the 8th of April, the day of the solar eclipse, when the membership of the Permian Basin Petroleum Association took over the Links Course and the Old Course at the magnificent Odessa Country Club and once again participated in the grand tradition that is PBPA’s Spring Swing Golf Tournament. […]
Value the Rules of Safety
Welcome again to the wonderful world of safety. I noticed everyone immediately went first of all to the table of contents to look up this month’s page number for “Safety”—said no one ever, except another safety person. That’s okay. We are used to it, no umbrage taken. If you ask the general public, “Why do […]
“Just Long Enough to Reach the Oil”
“How long should a man’s legs be?” someone supposedly asked the lanky Abraham Lincoln. “Just long enough to reach the ground,” he wisely replied. In light of that, the oil patch question of, “How long should a lateral be?” could be answered similarly: “Just long enough to reach the oil.” Specifically, long enough to reach […]
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