My name is Jeff Sparks and I am your new chairman at the Permian Basin Petroleum Association. I am humbled when I reflect on the truly great leaders the PBPA has had in the past. I will do everything I can to continue the great legacy of the PBPA. I will need to lean on […]
Carbon Capture as an Investment Play
In recent articles I discussed some bullish oil and gas investment ideas in the Permian. Energy though, as you well know, is in a massive transition period. Over the next decade, three things will happen that are not in much doubt anymore. U.S. onshore oil production in the Lower 48 will peak and […]
Life in the Merge Lane
The shale revolution of the previous decade began with mantras of “drill, baby, drill,” interspersed with “spend, baby, spend,” and “buy small, grow fast, sell big, make money!” That didn’t work, as the resulting river of shale oil flooded the market and crashed prices. Only a lucky few made big money on that plan. […]
Do Safety Guys Ever Really Retire (or do they just fade away)?
Welcome! Let me start off by saying that the title is just a rhetorical question. If you ask any safety person, they may say they have retired. Then if you do a small job around the house with them you will experience the fact that they do not retire. In that sense, they’re like the […]
Water and Its Ways
For decades oil and gas producers had a great luxury—they could cheaply dispose of produced water in saltwater disposal wells (SWDs) near the production wells. But the old saying about going to the well once too often is becoming more and more real in the SWD space, necessitating some big changes, with potentially much higher […]
Open Enrollment
It is time for many employers to begin open enrollment for their employees’ insurance and other benefits for the 2025 year. Are you ready? Have you met with your broker and rebid your current product offerings? Have you met with at least one other broker to see if your current broker continues to be […]
PBPA Annual Meeting in Pictures
MIDLAND, TEXAS—A day of speakers, panels, and networking filled this full-day session of the Permian Basin Petroleum Association’s Annual meeting, held Sept. 12 in this oil capital of West Texas. On the night previous, locals and early arrivals to the event gathered at the Petroleum Museum for a lavish welcome reception. We share here a […]
Sizing up 2025: PBPA’s Annual Meeting Takes Aim on the Future
MIDLAND, TEXAS—A slate of speakers and panels that ran continually from 7:30 a.m. to 2 p.m. on Sept. 12 concluded what organizers and participants deemed a successful and productive Annual Meeting for the Permian Basin Petroleum Association, held in the Petroleum Club here in this oil capital of West Texas. On the night previous, […]
Portrait of a Roustabout
A roustabout is, in some ways, the essence of what the oil patch is all about. Sometimes confused by the public as a roughneck, a roustabout is generally thought of as just a less-skilled oilfield hand than a roughneck, but the fact is, their occupations are different. Roughnecks work on the rig floor, in proximity […]
A Delaware Deal, Dissected
Consolidation and asset rationalization continue to change the landscape in the Permian Basin. Among the winners is Permian Resources (PR), which just bought nearly 30k net acres in the Delaware Basin from Occidental Petroleum (OXY) for $817.5 million or just over $27k per acre. Occidental was looking to sell assets in order to pay down […]
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