New Mexico, reeling from the hard knocks of 2014-2016, takes stock of its current O&G industry and awaits—and readies for—the politics yet to unfold. by Tony Burke The Permian Basin is large. It stretches approximately 200 miles wide and 300 miles longitudinally. The basin rests, substantially, beneath two states. The grand industry […]
Adaptation, Diversification & Hunting
Oilfield service companies come in all shapes and sizes. While competition is most certainly fierce, it may also be fair to say that no two service companies are exactly alike. They are far-ranging in size, in scope, and in their offerings. Separate from active drilling operations, but practically indispensible to the practice of drilling, service […]
The M&A Delay
Thoughts on when and where to look for Big Deals in the Basin. by J. Chase Beakley Common sense would suggest that as the icy fingers of debt grow longer and oil prices continue to drag, mergers and acquisitions cannot be far behind. Larger companies with greater stability should use this opportunity to buy […]
Year-Round Respect
by Julie Anderson Twice each year, our country makes a special point to pause, remember, and thank our soldiers, those who died in service to their country on Memorial Day, and those still among us, on Veterans Day. In recent decades, in the midst of profoundly unsettling events, the honor and respect for veterans and […]
Drilling Deeper: Re-Tooling
In this week’s miscellany of articles, if there’s a common thread, it’s a focus on recapitalizing, stimulating, improving safety, or improving as a communicator; one way or another, many are seeing this time in oil and gas as a time of self-improvement as we look ahead to better times. These are the full versions of […]
May Miscellany
It don’t mean a thing if it ain’t got… good rocks. Four Colorful Figures The famous Four Sixes Ranch in West Texas was founded by a famed rancher, Burk Burnett, who later became a famed oilman (viz., the Burkburnett Oil Boom of the early 20th Century). But before his oil days, Burnett lived the […]
The Broader Picture | May 2016
EIA Mar. 30 The profitability of oil and natural gas development activity depends on both the prices realized by producers and the cost and productivity of newly developed wells… Costs per well generally increased from 2006 to 2012, demonstrating the effect of rapid growth in drilling activity. Since 2012, costs per well have decreased […]
Flying High Once Again
The Petroleum Museum renovation is complete, and the results are likely to amaze and delight almost any visitor. Lana Cunningham Five. Four. Three. Two. One. The countdown begins on the clock outside Mythcrackers Theater. Once visitors enter the small theater on the first stop at the newly remodeled Petroleum Museum, the fun begins. Visitors […]
A Permian Man Through and Through
PBOG remembers Audie Conder, a long-time well servicer, Railroad Commission employee, and loving family man. Al Pickett, special contributor He has been described as a go-to guy and a problem solver. That is how a generation of operators and contractors who dealt with the Texas Railroad Commission’s District 7B office in Abilene felt as […]
Talkers and Doers
In his new film, Fractured, filmmaker Mark Mathis compels us to watch our mouths when we talk about the energy industry. by Tony Burke “Something we shot [for Fractured] but didn’t use because we didn’t have time for it is: you could take every guy like me, I’m a professional talker, I’m a doer […]
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