Hello and Salutations! I’m opting to do a small variation from safety and take the opportunity to branch out and attempt to sing our industry’s praises! After years of being in the oilfield, 52 years to be exact, the oilfield has changed immeasurably. Rules have changed, the pay has certainly changed, and safety has also […]
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 […]
Where Next for Natural Gas?
The business of gas has become a bigger factor than most expected when the Shale Revolution reinvigorated the Permian Basin. What’s the latest for this commodity? In 2023, natural gas has been fairly steady, not making the surge some expected, but not going into collapse, either. In the United States, the hot summertime has put […]
Innovation Transforms Environmental Services
One oilfield service sector that’s readily plugging in to increased planetary awareness is the environmental services niche. Two companies, Petro Waste (now under new ownership as described below) and Milestone Environmental Services, are among those who are growing their footprint. One whose footprint is already global—Halliburton—is hard at work developing software to make environmental impact […]
Energy Security is Priority Number One in the U.S. House
The Permian Basin Petroleum Association had a great turnout for our June luncheon where Congressman August Pfluger updated the attending audience with the recent legislative work of the 118th Congress in Washington, D.C. Thank you to everyone who helped make this such a great event. Congressman Pfluger discussed the recently passed Lower Energy Costs Act […]
The Weaponized ESA
While oil and gas production, especially in the Permian Basin, has continued to break records, deliver meaningful environmental impacts, provide affordable and reliable energy across the globe, and promote economic growth, that isn’t enough for anti-energy advocates and the Biden Administration. We have seen it across the world in news this summer, activists obstructing traffic […]
Fracs: Field Laboratories, Ever in Transition
by Jesse Mullins Maybe the most remarkable observation one could make about hydraulic fracturing is the fact that its sophistication seems to expand at an exponential rate. Not a week goes by that someone does not announce a new service or product or technique that promises to revolutionize some angle or other within the […]
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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