In a 2019 website post, the Produced Water Society estimated that the Permian Basin produces between 9 million and 15 million barrels of water per day. To put that in perspective, 15 million barrels equals 1933.4 acre feet, and Austin’s Lake Travis has a capacity of 1,135,000 acre feet. At that rate, Permian water production […]
Getting Your House In Order
How do employers find employees during an extreme labor shortage? This month we examine quality hiring and best practices as the Great Resignation continues. Workers in the shortest supply are service workers, educators, and healthcare workers. A recent visit to the emergency room at a hospital near you was beyond shocking. There were four times […]
Oil in the Family
“Everyone’s looking at you and expecting you to do nothing.” Third generation oil entrepreneur Bryan Sheffield credits those words whispered in his ear by father Scott Sheffield, founding CEO of Pioneer Natural Resources, as helping challenge him to instead do much with his life’s opportunities. The younger Sheffield—also the grandson of Parker and Parsley founder […]
Feb. 24: See You at the Horseshoe
Innovation has always been at the heart of the oil and gas industry and in particular here in the Permian Basin. No sector has been as dynamic over the last few years as water management. As the President of the Permian Basin Petroleum Association I know how important water use has been for operators across […]
Setting Boundaries
In September of this year, the Texas Supreme Court denied a request to rehear arguments in a case it issued an opinion on in April 2021. The case, styled Concho Resources, Inc. et al. v. Ellison d/b/a Ellison Lease Operating, was a trespass-to-try-title suit between the lessees of adjacent tracts. The dispute arose when Ellison […]
We Enrich Ourselves When We Honor Deserving Leaders
The Permian Basin leads the United States in the production of oil and natural gas. Our region leads the oil and natural gas sector in technological innovations and environmental improvements. It led the United States to a place of energy independence in the not too distant past and even though certain tides continue to work […]
Supply and Demand
Remember the term, Paradigm Shift? It is defined as a fundamental change in approach or underlying assumption. Remember Jack Nicholson’s famous quote from A Few Good Men? “You Can’t Handle the Truth!” Well, as employers, we need to be able to handle the truth. It is time to figure out the barriers to retaining and […]
Pumping a Change
Today’s tumult in the oil and gas industry has begun to break down some of the industry’s historical resistance to change, including change in the realm of artificial lift. Producers are becoming more open to alternatives; not only in types of lift, but also to new ways of thinking about the whole production picture. Clan […]
Opinion Will 2022 Be the Year of Comeuppance?
Oil and gas in the Permian Basin has been put through the shale shaker in this still-new decade of the 2020s. And still, the energy bulls and the ebullient forecasters keep promising that the Big Bounceback is just up ahead. Is that still the case after a 2021 full of commodity price ups and downs? […]
Happy New Year/Happy New Hire
Greetings and salutations! I am excited and optimistic for the New Year. Each year everyone shares this common enthusiasm to celebrate the previous year if the safety performance has been deemed successful and injury free. Conversely, if the company has experienced a less-than-stellar performance, there is still much relief that comes from embracing a needed […]
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