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, […]
PBPA: Making 2024 The Year to Be Seen and Heard
The PBPA Top Hand Award Banquet was a wonderful evening honoring Mr. Dick Sivalls just a few days ago. Thank you to all those that participated in the honoring of another incredibly worthy recipient this year. The Top Hand Dinner has become one of my favorite events of the year. Each and every time I […]
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. […]
The Unsung Permian Basin
I’m going to provide a spoiler alert up front: I love living in the Permian Basin and believe the already high quality of life is only growing. The ethos of the Permian is that of the wildcatters back in the day: If you have a dream and are willing to do the work, you can […]
Legislative Sessions: Making our Case on Multiple Fronts
It is already been a busy start to the year for the members of the Permian Basin Petroleum Association and of course our staff. With the legislative session kicking off in Santa Fe as well as the very busy beginning of the year at the federal level, we continue to remain vigilant and active monitoring […]
The Future of EOR is Now
At the intersection of “Drill More” and “Produce More” lies an economic conundrum for Permian producers. Yes, there are still plenty of good prospects to drill—but there is also plenty of oil left in existing wells if drilling isn’t followed up with further treatments. Balancing the economics between the two is getting more interesting as […]
Oilfield Theft: It Takes a Thief
It seems like only a month since I’ve seen you last! Over the last 20 years the crime rate of theft, solely in the Permian Basin area, has grown to epic proportions. Sadly, not all companies report all theft. Also sadly, some companies, large and small, are not aware of all theft. Oilfield theft may […]
You Are a Leader
You inspire people—whether you know it or not. You empower people, sometimes even if you’re not trying to. You guide people—whether you want to or not. What is your definition of “leader?” Before you go any further, let’s see if you’re singing in harmony. If not—there’s no point in pursuing this venture any further. Here’s […]
Start the New Year with a New Challenge
The new year is here and the odometer is rolling over once again. The year 2023 is a distant memory and 2024 has arrived. Many take the new year as an opportunity to set new goals and make resolutions. Did you make a list of new year’s resolutions? They are certainly easy to contemplate and […]
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