MIDLAND, TEXAS—In the first luncheon of 2026 for the Permian Basin Petroleum Association, invited speaker Garrett Golding, Assistant Vice President for Energy Programs at the Federal Reserve Bank of Dallas, addressed the PBPA’s membership on Feb. 19 in the banquet hall of this city’s Petroleum Club. Golding share his insights drawn from his work at […]
How Low Can Crude Oil Go?
The dip we’ve seen this past fall and winter in prices was “prophesied” some months previous. But has it been as bad as advertised—and what should Permian Basin decision-makers watch next? As January 2026 winds down, West Texas Intermediate (WTI)—the benchmark that matters most to Permian Basin operators and service firms—has certainly been soft, but […]
Natgas In Ascendancy
By the time 2026 arrives, the Permian Basin will again be producing more natural gas than any other region in North America. Whether that abundance translates into “bright prospects” depends on where one stands in the value chain—but the consensus among analysts is that natural gas will play a larger strategic role in the Basin’s […]
Will 2026 Really Mark a Slowdown?
For months now, coffee-shop talk from Midland to Carlsbad has carried a familiar refrain: “Enjoy it while it lasts—2026 is when the Permian slows down.” Lower price forecasts, softening rig counts, and talk of a maturing shale play have all fed the narrative that the Basin’s best days are behind it. But when you dig […]
The Last Days at Camp
Click here to listen to the Audio verison of this story! “There are always and only two trains running. There is life and there is death. Each of us rides them both. To live life with dignity, to celebrate and accept responsibility for your presence in the world is all that can be asked […]
Eagle Ford 2025: Steady Output, Export Tailwinds, and Disciplined Growth
The Eagle Ford’s center of gravity hasn’t shifted so much as sharpened. Production is broadly steady with modest gas-side growth, operators are leaning into longer laterals and bolt-ons rather than big rig adds, and the Corpus Christi export complex keeps widening the outlet to global markets—especially for LNG. The result is a basin that’s cash-efficient, […]
The Permian’s Oilfield Services in 2025: Pain Points, Bright Spots, and a Path Forward
After a bumpy first half, the year 2025 has put the Permian Basin’s oilfield services (OFS) sector squarely in the squeeze. Crude and gas prices have softened from 2023–24 highs, leaving exploration and production (E&P) budgets tighter, drilling schedules leaner, and pricing power tilting back toward operators. Yet this is also a cycle of reinvention: […]
PBPA Secures Legal Victory Against Endangered Species Act Abuse
MIDLAND, TEXAS—The Permian Basin Petroleum Association (PBPA) on Aug. 12 welcomed the ruling by the U.S. District Court for the Western District of Texas vacating the U.S. Fish and Wildlife Service’s (FWS) 2022 listing of the Lesser Prairie-Chicken (LPC) under the Endangered Species Act (ESA). The decision follows FWS’s own admission that the listing rule […]
WTI and Permian Gas Price Trends
In the second half of 2025, West Texas Intermediate (WTI) is expected to average around $66 per barrel, reflecting elevated geopolitical risk premiums—particularly due to tensions in the Middle East—while tempered by ample global supply growth. The U.S. Energy Information Administration (EIA) raised its mid-year forecast accordingly and now expects WTI to gradually decline to […]
What the Fourth Means
Click here to listen to the Audio verison of this story! With the Fourth of July almost upon us, I’d like to share something about the spirit of the signers of the Declaration of Independence. That spirit was what gave us the great nation we have inherited. And without that spirit, it is unlikely […]
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