The dip we’ve seen this past fall and winter in prices was “prophesied” some months previous. But has it been as bad as advertised—and what should Permian Basin decision-makers watch next? As January 2026 winds down, West Texas Intermediate (WTI)—the benchmark that matters most to Permian Basin operators and service firms—has certainly been soft, but […]
Oil production of about 500,000 b/d in U.S. offline Thursday in winter storm
London-based consulting firm Energy Aspects said Thursday about 500,000 barrels per day of crude oil remained offline in the U.S. because of winter storm Fern. U.S. oil production was forecast for 13.76 million b/d in January by U.S. Energy Information Administration, putting current outages at 3.6 percent of total output. Reuters said most of the […]
Outlooks, Forecasts, Earnings, and BBQ
Crystal Ball. Morgan Stanley put out their overview [late November] of the U.S. Oil and Natural Gas outlook in reference to 2026 intentions and activities. Some of their comments: Preliminary 2026 messaging from U.S. E&Ps points to flat oil production for –2 percent lower spending year over year, reflecting further efficiency gains, while majors continue to plan […]
Worth Passing On
Click here to listen to the Audio version of this story! This being a brand new year, what better occasion to pause and soak up some words of wisdom? The following bit was a list shared on a Facebook page, but it seems apropos for sharing in this space. May the coming year bring […]
Refrac Attack
Click here to listen to the Audio version of this story! It’s a tale as old as the pumpjack itself. Picture this: a well in West Texas, deep in the Permian Basin, that’s been pumping for years. Paint peeling, the sun taking its relentless toll. At first it flowed hot and heavy, but over […]
Static Electricity: A Hidden Risk in the Oilfield
As parents are prone to say: Don’t give me any static. A much-overlooked safety hazard in the oilfield, static electricity accumulation can be dangerous. The oil and gas industry is renowned for its complex operations, hazardous environments, and rigorous safety protocols. While there are many commonly known risks like hydrocarbon releases, blowouts, and mechanical failures […]
Cleaner is Better
Click here to listen to the Audio verison of this story! Permian Basin methane emissions have dropped by 20 percent since 2022, even as production has increased, according to a S&P Global study, as reported on this magazine’s website (tinyurl.com/yc6jd2pt). That good news is a result of many different approaches, and three of them […]
The Real Role of Mature Workers: Mentors and Leaders
According to the U.S. Department of Labor (DOL), the number of people aged 65 and older working or seeking work has increased by 144 percent over the past 20 years. The broader labor force expanded by approximately 13 percent during that period. The trend had been building momentum when it ran up against the wall […]
Difference Maker
Click here to listen to the Audio verison of this story! The person who founded what is now Diamondback Energy and took it from a tiny, private-equity-backed firm producing 3,700 barrels of oil equivalent per day (BOE/d) in 2012 to a publicly traded firm producing more than 900,000 BOE/d in 2025, deserves to […]
Natgas In Ascendancy
By the time 2026 arrives, the Permian Basin will again be producing more natural gas than any other region in North America. Whether that abundance translates into “bright prospects” depends on where one stands in the value chain—but the consensus among analysts is that natural gas will play a larger strategic role in the Basin’s […]
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