In 1977, following the 1975 passage of the Energy Policy and Conservation Act (EPCA), almost all petroleum exports from the United States were banned. The Commerce department was allowed to make a few exceptions, such as for trade with neighbors Canada and Mexico. All this was, of course, in response to the OPEC oil embargo […]
Evolution of the Dissolvable Frac Plug
Dissolvable technology has been an evolving success story — innovation answering necessity in an industry never short of challenges. Today, dissolving plugs are a frequent if not typical component of most well completions, in all wellbore or downhole environments. Dissolvable plugs have proven to be particularly effective in long laterals with higher stage density. In […]
PBPA: Out to Pave the Way
The Permian Basin Petroleum Association has been on a years-long crusade to bring not just attention but real remedies to what might be the Permian Basin’s biggest need: adequate highway and road infrastructure. Michael Lozano, manager of Community and Legislative Affairs for PBPA, spoke to this magazine recently about the long road they have traveled, […]
Phillips 66 to defer Red Oak pipeline amid 2020 budget cuts
Operators in Permian Basin’s energy industry continue to announce reductions in capital budgets for 2020. They include: Phillips 66 said March 24 it will defer its Red Oak pipeline as part of reducing its 2020 capital budget by $700 million to $3.1 billion. With Plains All American Pipeline, Phillips 66 formed Red Oak Pipeline to […]
A Company Town for the Ages
There are few examples of the company town concept in oil country. Some come close, like the town of Philips near Borger up in the Panhandle. Others, like the company camp concept, fall peripherally within that range. The reasons they do not qualify are threefold. A company town, to be rightly deemed as such, must […]
Crude oil, natural gas operators reduce spending in Permian Basin
More operators are reacting to commodity price downturn and industry current conditions by reducing 2020 capital spending in Permian Basin. They include: Apache reduced its 2020 capital budget to about $1.1 billion – down from about $1.75 billion – and will idle all its rigs in Permian Basin and reduce drilling elsewhere. “We are significantly […]
Situational Awareness
Greetings and salutations! Welcome back to this month’s discussion on Safety in the Permian Basin! Let’s get right to it. As you are keenly aware, the global and stateside political climate is strained. (That’s like calling Moby Dick a guppy.) Tension in the Middle East is also high. American society is divided and in a […]
Beware the Ides of March
This month I’m going to talk with you about hiring the right people. In October, I reviewed the basics of hiring and firing but I want to talk about making the right hire. Why the reference to the Ides of March? It is because Julius Caesar was assassinated and if you also remember your Roman […]
Filling the Potholes on the Road to Progress
Since the advent of the frac era, the idea of taking a leisurely drive in the country anywhere in the Permian Basin has dwindled to a speck in the rear view mirror. Some roads, particularly U.S. 285 between Pecos and Carlsbad, S.H. 302 through Winkler County, and I-20 pretty much anywhere along the Odessa-Midland corridor, […]
O&G’s X Factor
Never spend your money before you have it. —Thomas Jefferson What some might consider a bad habit—waiting 60-90 days to pay invoices—has birthed a business sector whose purpose is to bridge that gap by advancing money on those unpaid debts. Known as factoring or accounts receivable (AR) financing, this service allows companies—usually service providers—to stay […]
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