The year 2024 is becoming a year when the prognosticators are being proven wrong. What do we mean by that? Let us count the ways. “World Oil Demand Outpacing Expectations” In a March 22 report from Bloomberg, we are told that the world is using more oil than ever and demand is outpacing […]
You Are a Leader
You inspire people—whether you know it or not. You empower people, sometimes even if you’re not trying to. You guide people—whether you want to or not. What is your definition of “leader?” Before you go any further, let’s see if you’re singing in harmony. If not—there’s no point in pursuing this venture any further. Here’s […]
Outlook for 2024: Four Trends to Watch in Oil and Gas
It’s been a successful 2023, in which the oil and gas industry has continued to win back investors and position itself as a key player of energy transition. This article looks ahead at four trends in 2024 proving to be a year full of opportunity and challenges. We’d like to offer the following insights from […]
OPINION: The Reason for the Season as a Reason for Reflection
This being the beginning of the Christmas season, with so many people thinking thoughts of the “reason for the season,” now seems as good an occasion as any to step back from the issues of the oilfield and take a broader view—a view of ourselves and where we stand in this day and age. For […]
Where Next for Natural Gas?
The business of gas has become a bigger factor than most expected when the Shale Revolution reinvigorated the Permian Basin. What’s the latest for this commodity? In 2023, natural gas has been fairly steady, not making the surge some expected, but not going into collapse, either. In the United States, the hot summertime has put […]
The Permian Basin and National Security
Congressman August Pfluger addressed members of the Permian Basin Petroleum Association on June 27 in Midland, Texas, updating them on events in Washington, D.C., and emphasizing the strategic and economic importance of the Permian Basin to not just the nation but to world security and stability. These are his remarks, in full. To Ben, Steven […]
Legislature Enters Second Special Session
by Julie Anderson During a recent Permian Basin Petroleum Association (PBPA) luncheon, Association President Ben Shepperd referenced a reality that initially defined the 88th Texas Legislature: extra money on hand. “We started out with about a $33 billion surplus in the treasury,” Shepperd observed. “Roughly two-thirds of that was due to, plain and simple, oil […]
88th Regular Session Enters Home Stretch
Texas representatives and senators are required by law to pass a balanced budget every two years. While the House and Senate each work on the budget and hold hearings simultaneously, they traditionally take turns originating the general appropriations bill and chairing the Budget Conference Committee. For the 2023 Regular Session, the bill originated in the […]
Legislative Updates
New Mexico Gavels Out The New Mexico Legislature adjourned sine die on March 18, closing out the 60-day 56th Session during which industry advocates spent most of their time playing defense. “A number of highly troubling bills were introduced that could have greatly impacted oil and natural gas operations in the Land of Enchantment,” reported […]
Resolutions… and Rejoinders
It’s never too early to put in a word for something or to speak up for a worthy endeavor. Especially in a world where there are plenty of folks who are doing their best to pre-empt our directions and make our decisions for us. (Are you listening, Washington?) Let it be resolved that the Permian […]
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