For the first 150 years of the oil industry, rig counts were a strong predictor of imminent production levels and, hence, midstream takeaway capacity needs. One rig punched one hole. The resulting production would immediately flow into a pipeline. Over the last decade, however, multiple horizontals, multipad drilling, and other outgrowths of the frac revolution […]
Classifying Employees—A Primer
If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck. This saying is better known as the Duck Test and the phase was coined by the Indiana poet James Whitcomb Riley in the 19th Century. Surely you have heard this expression and it immediately […]
Private Equity’s Pros and Cons
December 2, 2001, was a day of infamy for thousands of people. On that date Enron declared bankruptcy, trading at a paltry $.26 per share after topping the scales at more than $90 per share a few months earlier. That is also the time that Midland entrepreneur Tripp Wommack sees as the beginning of prime […]
Interim Conversation Starter
With the gavel set to fall in the Land of Enchantment, the Second Session of the 54th New Mexico Legislature brings with it several unknowns. However, one constant remains: the contribution of the oil and gas industry to the state budget. The New Mexico Legislature convenes in Santa Fe on the third Tuesday in January […]
Just a Click Away
A sign of the times: eCommerce reaches the oil patch. As much as Amazon revolutionized the business-to-consumer market by offering an online marketplace that has largely left the brick-and-mortar business model crumbling in ruins, the oilfield marketplace has largely continued on in time-tested fashion, as follows: A buyer looking for pumps or valves gets out […]
Midstream: in Charts and in Images
The year 2019 will be remembered as Midstream’s Year. As we near year-end in what might be the most eventful year ever in Permian midstream activity, we look at two kinds of snapshots. One, some recent graphics highlighting the impact of a record amount of completed pipeline construction. And two, some literal snapshots—high resolution images […]
Happy Thanksgiving
The candy season of Halloween has passed so bring on the turkey and dressing and holiday parties. There are only 4 weeks between Thanksgiving and Christmas, so get busy. Are you feeling the pressure yet? Because I’ve started my yoga breathing just to finish typing this sentence. The reality of the holiday season means that […]
“They Sacrified for You…”
“… so you need to sacrifice your time for them,” said Carlton Brown. “Stand for those who stood for you.” His brother, Kameron, military veteran, is one who stood for all of us. Permian Basin Oil and Gas Magazine recognizes Veterans Day by sharing the story of one of our own. It has been our […]
Accident Investigation
Greetings and salutations! Welcome to another fun edition in the land of safety. As I mentioned in the previous edition, this month I’m going to talk about Root Cause. Root cause analysis and its process is always one of the most fun topics in the oilfield, said no one ever. The first and most important […]
Chain Reaction
That screeching sound in the background is the brakes being slammed on drilling, at least for the short term. Rental companies feel the heat, whether they’re renting downhole tools, like Lucky Services’ Vice President of Operations Terry Goodwin, or surface machinery, like Gravity Vice President of Rental Solutions Chad Wolf. Both rely more on rentals […]
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