The Texas Legislature adjourned the 88th Regular Session sine die on the afternoon of May 29, 2023. It only took a meager few hours before Governor Abbott called the first special session with the very specific directives to pass legislation (1) cutting the property tax rate solely by reducing the school district maximum compressed tax […]
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? […]
Roll On
by Paul Wiseman From the last mile, in almost every case, to every mile in many cases, trucks are indispensable in today’s delivery-based economy. Nowhere is that more true than in the oil patch, where trucks haul everything from drill pipe to drilling rigs to the oil itself, over tens of thousands of road-miles every […]
Sleep, Blessed Sleep
So you want to be in the oil and gas business. Good for you. Be prepared for sleepless days and nights. Regardless if you are an executive, contractor, company man, roughneck, pumper or even a safety professional, sleep or quality rest is often a commodity that is not in abundance in our industry. How is […]
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 […]
What the Legislative Session Accomplished
Typically the best things about summer for oil and gas operators include a shining sun, an abundant time to spend with friends and family, and Lord willing, the lawnmower is broken and lawmakers in Austin, Santa Fe, and Washington D.C. are typically in recess. Unfortunately we have yet to find out if those things will […]
Legislature Enters Second Special Session
by Julie Anderson During a recent Permian Basin Petroleum Association (PBPA) luncheon, Association President Ben Shepperd referenced a reality that initially defined the 88th Texas Legislature: extra money on hand. “We started out with about a $33 billion surplus in the treasury,” Shepperd observed. “Roughly two-thirds of that was due to, plain and simple, oil […]
They Swung into Spring
It was a balmy and beautiful Monday, the 17th of April, 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. This four-man scramble brings food, […]
No Challenge Too Great
The oil and gas industry has seen incredible growth and changes over the past 100 years. In 1923, on May 28 (a century ago almost to the day), oil was discovered in the Permian Basin at a well known as the Santa Rita No. 1. This discovery initiated a new era of industry and wealth […]
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