Steve Pruett and his well-placed partners have put together one of the biggest new E&P outfits to hit the Permian in several years. By Al Pickett, special contributor The most important factor in securing equity funding for a start-up energy company is people, according to Steve Pruett. “It is a marriage of people, experience, a […]
Making a Statement: Midland’s Energy Tower
It already has its own Wikipedia page, for goodness sakes. If all plans are put in motion, the latest Big Thing to hit the Permian Basin will be the 58-story Energy Tower now slated for downtown Midland. Midland-based developer Energy Related Properties will build its high rise in the heart of downtown Midland, offering more […]
Powering Up
West Texas, with its growth and its booming energy industry, has been feeling the pinch in another energy sector–electricity. “You may be in for another difficult summer, price-wise, here.” When those words come from a vice president at ERCOT, the Electric Reliability Council of Texas, they sink deep. America might run on oil, but the […]
Feeling the Impact
The Cline Shale, still in its infancy as a producing zone, is exerting a profound effect in places like Garden City and the rest of Glasscock County. While the Permian Basin is a busy place for the oil and gas industry these days from one end of the basin to the other, tiny Glasscock County […]
The Next Big Thing… Keeps Arriving
Automation is spreading two ways through the Permian Basin oilfield. One, it is filtering down from the larger companies to the smaller companies. And two, it is going far beyond simple applications, like electronic gauges to measure liquids in tanks. Matt Cosby, marketing manager at Resource Automation and Electrical, Farmington, N.M., believes that the rush […]
The Freedom to Dare
The Permian Basin Petroleum Museum inducts four individuals who have made their mark on their industry and their region. Two came from the upper Midwest, two from Houston. Their lives merged in dusty West Texas and over the years their rugged edges have been polished into a sparkling knowledge of the petroleum industry. That business […]
From Waste Heat to High Performance
Heat capture on worksites can be used to generate electricity–and the added power can improve oil and gas revenues. The development of new technologies has had an impressive impact on the oil and gas industry, especially in the past 30 years. Geoscience software, 3D seismic acquisition, shale fracking techniques, directional drilling, and reservoir modeling are […]
The Century Mark: Midland-Based Fasken Oil and Ranch Celebrates a Momentous Milestone in May
By Paul Wiseman In the early 1900s west Texas was as empty as a whiskey bottle at closing time, and almost as dry. (Some things haven’t changed). What would possess someone in far-off Toronto, Canada, to buy approximately 220,000 acres of the place, sight-unseen, is still somewhat of a mystery. But that is exactly what […]
The Life Cycle of Pipe
By Jesse Mullins Seemingly the simplest component of the oil and gas industry’s vast array of hardware, pipe is subject to intense scrutiny and is a product that will “make the rounds” more than most. Can any industry be more dependent on pipe than the oil and gas industry? Pipe defines, perhaps more than any […]
Give Me Land, Lots of Land
By Paul Wiseman, special contributor Landmen see Basin land rush moving northward and eastward. It only seems like there’s an echo in here. It’s just that people really are repeating “Cline Shale, Cline Shale,” wherever you go, a phenomenon that can be especially unnerving in small space like an elevator. It’s not that this play […]
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