Population growth created by the first ten years of oil production in the Permian Basin was remarkable. Once the Big Lake field began to develop, a veritable deluge of oil men poured into the Permian Basin. As it turned out, during the mid to late 1920s, that vast lightly inhabited region with no known oil […]
Riding the Wave
With the proliferation of hydraulic fracturing since around 2010, the good news is that oil and gas production have exploded, reaching never-before-seen levels and practically eliminating net imports. The challenge, however is that fracturing requires millions of barrels of water—fresh or recycled—and also produces millions of barrels of water that must be reused or returned […]
Going with the Flow
MIDLAND, TEXAS—When a United States senator makes a call to deliver a keynote, you know your conference’s subject matter is striking a chord. Sen. John Cornyn (R-Texas) helped get the Permian Basin Water in Energy Conference (PBWIEC) off to a good start with his remarks at the dinner and reception held on Wednesday evening, Feb. […]
Leaving Your Job
Looking for a new job? Did you know the best time to find a new job is between January and May? Think about it—the summer months are when people are on vacation, and in the fall, employers are more likely to be looking for holiday help, which is less permanent. Changing jobs is a big […]
Rising Tide
In 1977, following the 1975 passage of the Energy Policy and Conservation Act (EPCA), almost all petroleum exports from the United States were banned. The Commerce department was allowed to make a few exceptions, such as for trade with neighbors Canada and Mexico. All this was, of course, in response to the OPEC oil embargo […]
Evolution of the Dissolvable Frac Plug
Dissolvable technology has been an evolving success story — innovation answering necessity in an industry never short of challenges. Today, dissolving plugs are a frequent if not typical component of most well completions, in all wellbore or downhole environments. Dissolvable plugs have proven to be particularly effective in long laterals with higher stage density. In […]
PBPA: Out to Pave the Way
The Permian Basin Petroleum Association has been on a years-long crusade to bring not just attention but real remedies to what might be the Permian Basin’s biggest need: adequate highway and road infrastructure. Michael Lozano, manager of Community and Legislative Affairs for PBPA, spoke to this magazine recently about the long road they have traveled, […]
Phillips 66 to defer Red Oak pipeline amid 2020 budget cuts
Operators in Permian Basin’s energy industry continue to announce reductions in capital budgets for 2020. They include: Phillips 66 said March 24 it will defer its Red Oak pipeline as part of reducing its 2020 capital budget by $700 million to $3.1 billion. With Plains All American Pipeline, Phillips 66 formed Red Oak Pipeline to […]
A Company Town for the Ages
There are few examples of the company town concept in oil country. Some come close, like the town of Philips near Borger up in the Panhandle. Others, like the company camp concept, fall peripherally within that range. The reasons they do not qualify are threefold. A company town, to be rightly deemed as such, must […]
Crude oil, natural gas operators reduce spending in Permian Basin
More operators are reacting to commodity price downturn and industry current conditions by reducing 2020 capital spending in Permian Basin. They include: Apache reduced its 2020 capital budget to about $1.1 billion – down from about $1.75 billion – and will idle all its rigs in Permian Basin and reduce drilling elsewhere. “We are significantly […]
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