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 […]
One Man’s Endeavors
After a career spanning almost 60 years, in which he founded several companies and mentored many individuals in the business, Endeavor Energy Resources LP founder Autry Stephens will be honored as the PBPA’s Top Hand for 2021. In 2018 the Dallas Morning News called Endeavor “the largest closely held oil producer in Texas by production […]
Now’s the Time
Today, more than 1.2 billion people live without access to electricity and 3 billion people lack access to the types of fuels necessary to cook and provide food for their family. There is no question that this is a time for more focus on ways to deliver access to affordable energy to those struggling to […]
It Comes at a Premium
For many companies in the Oil Patch—producers or service companies—insurance is one of the top expenses, especially when the reckoning includes health policies—and premiums for that coverage are rising quickly. But the protection from loss and liability provided by insurance is important, and for many service companies it’s required by most Master Service Agreements (MSAs). […]
The Permian in Perspective: A Q&A with Jason Reimbold
An energy lending institution since 1910, BOK Financial (it derives its current name from its earlier name, Bank of Oklahoma) maintains offices in Houston, Denver, Tulsa, Oklahoma City, and Dallas, and invests more of its portfolio in Permian Basin projects than in any other basin. Jason Reimbold, Managing Director of Energy Investment Banking at BOK […]
Safe Tidings
This is my favorite time of the year! It is every safety person’s “reward time” of the year! No, not necessarily the monetary reward, but rather the reward of employees enjoying their families and friends. Another untold bonus is being able to return to work for some Holiday Relief. As I write about the different […]
The Show Goes On
ODESSA, TEXAS—The Oct. 19-21 run of the Permian Basin International Oil Show came off nicely for a show that had to bounce back from disappointment. There was the disappointment that came from having to call off the scheduled 2020 run of the event, due to Covid. And there has been the disappointment, felt across the […]
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