Professional real estate investors refer to a single-source economic region like that of the Permian Basin as a “speculative market.” Anyone who’s ever owned even a house in the area has probably either reaped the rewards or paid the penalty when it came time to sell, depending on the price of oil at the time […]
An Economist Looks at the Basin
In late 2020, many E&Ps had two capital budgets—one for a Trump victory and one for a Biden victory, because of the latter’s rumblings about banning fracturing and other oilfield procedures. With results now in, favoring the smaller capex budgets, not everyone is pessimistic. Dr. Ray Perryman, president and CEO of The Perryman Group, an […]
Fresh Challenges under a New Administration
The first real American industry to stretch across the windswept plains, the first to practice a trade across what is now known as the Permian Basin of Southeast New Mexico and West Texas, was cattle and ranching. For so many years, fences didn’t separate grazing grounds or cattle train routes. There was nothing but geography […]
Energy in the Crosshairs
With Legislative sessions beginning in both Santa Fe, N.M., and Austin, Texas, and the early days of the Biden Administration taking shape, it is clear that domestic energy, and in particular the way of life in the Permian Basin, is in the crosshairs. That is why our work at PBPA remains so important. We are […]
Talking Dust with Dusty
This month’s topic is absolutely pertinent and timely. Normally it is a sleep-inducer of a topic, the reason being that its ramifications are long term, as opposed to short term—and short term ramifications generally attract greater attention. Silica and silicosis have been an issue in the oilfield and construction industries for quite some time. Largely […]
Changing Landscape
It might be said that any land person still breathing and eating in the first quarter of 2021 is either a few pounds lighter or must have won the lottery. That’s because, in an oil price downturn, especially one as sudden and deep as the 2020 model, land services are usually the first to succumb […]
Mergers, Acquisitions, Furloughs, Layoffs—and your Employees
This month, I am highlighting the Worker Adjustment and Retraining Notification Act of 1988 (WARN Act). If your company staffs fewer than 100 employees, this law does not apply to you, but just the same it is better to treat your employees well when you sell your company, or when you furlough or lay off […]
De-mystifying ESG
Rachel Carson’s Silent Spring, released in 1962, is considered the starting point of environmental awareness for the general public. That book was focused on overuse of pesticides and their effect on bird populations—hence the “silence” Carson saw coming to springtime. Today that concern has spread greatly, to include fossil fuels, among other things. Investors in […]
A Bulwark Against Energy Poverty
As you all know, PBPA’s advocacy is focused at the state and federal levels. But what many may not consider is that this advocacy truly has an international impact. The growth or decline of oil and gas production in the Permian Basin has a major impact on the quality of life that people around the […]
Performance Evaluations
The New Year that is 2021 can bring with it your opportunity to improve your employees’ performance, improve your bottom line, and improve the tone of your ongoing discourse. You can achieve all of these with well-administered Performance Evaluations. Most of us have just a little more than some respect for West Texas native Matthew […]
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