December 2024: Hirings, promotions, and other personnel matters in the nation’s biggest oil patch—or in companies who do business here. SM Energy Company announced Sept. 9 that Beth McDonald had been appointed as its Executive Vice President and Chief Operating Officer. President and Chief Executive Officer Herb Vogel commented: “We are delighted to welcome Beth to our […]
The 4-Day Work Week in the Oil Patch
I once heard a quote that sums up the oilfield work week: “It’s only two more workdays til Monday.” Unless the world is planning to change, work does not stop in the Oil Patch on Friday, much less on Saturday or Sunday. For families in the Permian Basin, where both parents work, what would […]
Oil’s Eternal Optimist
MIDLAND, TEXAS—When Harold Hamm and a few members of his executive staff sat down with PB Oil and Gas Magazine in the Petroleum Museum in this oil-centric capital one sunny day this fall, the founder and leader of Continental Resources was keeping a timetable that would soon see them huddling up with the Permian Basin […]
Two Stock Bargains in the Delaware Basin
In recent months I have discussed multiple stock investment opportunities in the broad Permian Basin. Today, I will focus on two that are bargains in the Delaware Basin specifically. The Delaware has a higher percentage of natural gas to oil production than the Midland. While in the past companies were very focused on oil, […]
Sourcing Capital, U.S. Debt, Virtue Signaling, and [unvirtuous] Candied Pork Belly Bacon Bites
The journal entries below are excerpted from recent installments of James Wicklund’s “Things I Learned…” newsletter. It was a fun week in Dallas. The real treat [first week of October] was the Hart Energy Capital Conference in Dallas. The 400 attendees set a record for the conference. Karl Rove was the keynote so you can imagine […]
The Evolution in Environmental
Oilfield environmental companies used to focus on cleaning up what could be seen—oil spills, produced water leaks, oilfield sludge. And that’s still on the list. But today the focus is shifting to unseen, climate-related issues, including methane and carbon dioxide. Two companies are helping Permian Basin producers clean up those areas. Helping Operators Profit […]
You’re Late
Summer is gone, temperatures are dropping, and we can reset the thermostat. Before you know it, the temperatures will drop to a tolerable level. There are no more hot weather conditions causing heat issues. Now is the time to prepare for winter. Remember that proper planning prevents poor performance. That also applies to safety. It […]
Remember a Veteran on Veteran’s Day
Veterans Day falls on Nov. 11th. As I pondered how to commemorate this occasion, it occurred to me that one way is simply to tell a veteran’s story. If the desire is to honor veterans in general, then seeing one doing his sacrificial duty for his country is a good way to remind us of […]
Permian People November 2024
The November edition of the hirings, promotions, and other personnel matters in the nation’s biggest oil patch—or in companies who do business here. Denver, Colo.-based SM Energy hired Beth McDonald, former Pioneer Natural Resources executive, as its new Executive Vice President and Chief Operating Officer, effective Sept. 9. McDonald has 23 years of experience […]
Civility in the Workplace
A couple of things come to mind as topics worth discussing this month. One is hiring foreign workers, and the other is the Presidential election. Starting with hiring foreign workers, I was initially grateful that what appeared to be well-educated migrants from Venezuela and Cuba had come to the Permian Basin to find jobs. There […]
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