As usual, the oil industry has seemed to turn on a dime. Two years ago producers were filling swimming pools with excess oil because it was a commodity nobody wanted during the Pandemic. In 2022, it’s still a commodity that certain groups don’t want, but they have to admit they need it. That’s due to […]
Where has Professionalism Gone?
Loose lips sink ships. Less is more in professional communication. Being clear and concise is the key. There is no need to fill the air with words that might get you in trouble. What is said cannot be taken back once it is out, either in conversation or in writing, including on social media. I […]
Finding a Fit
Merger and acquisition (M&A) activity across the United States surpassed an eight-year high in 2021, marking a dramatic recovery from the pandemic-led price crash in 2020. Yet, the last time oil prices were as consistently over $100 per barrel, in 2012-2014, the rig count was dramatically higher than it has been to start 2022. S&P […]
Streamline flare systems analysis by using a single platform
Smart investment that saves lives and capital in the future Often thought of in terms of cost, safety and flare systems are nonetheless a critical part of any operation—and their value is never more apparent than in the event of a failure. With revenue lost due to downtime, the cost of repairs and replacement, environmental […]
Under the Double Eagle
By Paul Wiseman “We always either had success or we learned, but the key was that we kept going after each success and we kept going after each failure,” said Cody C. Campbell, one of two cofounders of Double Eagle Energy Holdings. “We’ll continue to have successes and we’ll continue to have failures and we’ll […]
The Costs of Termination
Deep Dive: People are your most expensive line item. How do you save money? Pay attention to turnover rates. This month we address critical issues to keep in mind when hiring and firing staff. Is anyone an At-Will employee? Can you fire an employee just because? Is it the right thing to do to provide […]
Water’s Place in the Big Scheme of Permian Things
by Jesse Mullins MIDLAND, TEXAS—After a two-year hiatus, due to Covid, the Permian Basin Water in Energy Conference, said by some to be the best conference of its kind anywhere, returned to the Horseshoe Arena in this oil town and picked up right where it left off. Or maybe it picked up just a notch […]
‘Rona: Risk vs. Reward
Greetings and salutations! This month’s installment we are going to attempt, rather I am going to attempt, clarification of the hottest topic for the last two years—Covid 19! The topic can only be categorized as a cluster monkey. My goal is to rationally attempt some kind of synthesis of the information out there. It is […]
TCEQ and the Permian Basin
MIDLAND, TEXAS—It was a meeting of the regulator and the regulated when TCEQ Commissioner Emily Lindley addressed the membership of the Permian Basin Petroleum Association (PBPA) in the Midland Petroleum Club as keynote speaker for its March 17 luncheon. The Texas Commission on Environmental Quality is the environmental agency for the state. TCEQ employs approximately […]
Quality of Life in the Permian Basin
By Paul Wiseman This sequence from the classic movie Casablanca sums up the quality of life in the Permian Basin. Claude Rains played Captain Renault and Humphrey Bogart played club owner Rick Blaine. Captain Renault: Ricky, what in Heaven’s name brought you to Casablanca? Rick: My health. I came to Casablanca for the waters. Capt. […]
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