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. […]
The Right Stuff
Greetings and salutations—and welcome to this month’s installment of Safety. Hopefully everyone has survived the endless variations of the Covid. Another topic for another day! In any line of business, goals must be clear and precise. Safety is no different. When filling positions for safety or operations, a manager must apply sufficient time and detail […]
Crowning a Lifetime Endeavor
MIDLAND, TEXAS—Amidst well-wishing, applause, and abundant good will, oilman Autry C. Stephens accepted the Permian Basin Petroleum Association’s Top Hand Award for 2021 here at a gala ceremony at the Petroleum Club on the evening of Jan. 20. After a career spanning almost 60 years, during which he founded several companies and mentored many individuals […]
Banking on the Basin
It’s clear that the Pandemic has loomed over just about everything since 2020, but even before that the oil patch’s financial model had begun to change. Jeremy Bishop, president of Midland’s First Capital Bank of Texas, noted that equity financiers have changed their model from what he called a “build and flip” to an operate-within-cash-flow […]
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