Oil production costs are down sharply in Texas in recent years, but they are not yet at a level to maintain viability given current prices and uncertainty. As a result, significant disruptions in oil production areas are occurring. The industry initiated a rapid shutdown of drilling activity, which rippled through an enormous supply chain and […]
Brighter Days Ahead
In 2020, oil and gas has gotten a bum rap. Even in an industry that has almost always had to buck an unfairly negative sentiment from media and from certain special interests, oil and gas has taken a beating in 2020. In the past year or more, the financial markets have added their voices to […]
Where Will All the Water Go?
As operators in the Permian and elsewhere across the United States and around the world announce capex cuts of 50 percent or more, drilling rigs are stacking up like dry bones in the valley. A two-thirds (so far) reduction in drilling means a similar cut in frac’ing. Saltwater disposal wells (SWDs) and their attached pipelines […]
Riding the Wave
With the proliferation of hydraulic fracturing since around 2010, the good news is that oil and gas production have exploded, reaching never-before-seen levels and practically eliminating net imports. The challenge, however is that fracturing requires millions of barrels of water—fresh or recycled—and also produces millions of barrels of water that must be reused or returned […]
Cybertech’s New Norm
As the principal adversary hunter at Dragos, Joe Slowik is tasked with finding, tracking, and deleting malicious actors. Having seen firsthand the havoc that industrial control system adversaries can wreak on organizations both large and small, Slowik does not mince words: the threats and risks are real and potentially life threatening—i.e., sabotage of worksite safety […]
The Outlook for Land
As recently as 2018 a lease price of $95,000 per acre for a tract on the New Mexico side of the Permian Basin was setting records. Prices of $40,000 were not unheard of. How quickly things change! The dawn of 2019 saw the end of investors’ spend-and-grow mantra, and the birth of make-money-now thinking. Leasing, […]
Sphere of Influence
Once again, a state agency tasked with serving the vastness of the Lone Star State has turned its attention to the Permian Basin. The reason: The Permian Basin Sphere of Influence. Those who live and work in the thick of it shared their perspective at the first meeting of the Permian Basin Regional Freight and […]
Permian Cost-Effective Artificial Lift Strategies
Improve Production By Effectively Analyzing Data – Interview With Christina Bernet, Bonanza Creek Energy. Production teams across the Permian Basin are on the lookout for practical solutions, best practices and strategies for overcoming critical challenges and bottlenecks that face them on a regular basis as they battle with day-to-day challenges such as equipment breakdowns, high […]
Getting a Lift
“People out here will argue that a rod pump will draw a well down further than any other method of artificial lift,” said Jay Miller, vice president of gas lift for Midland-based Production Lift, “and that is true if the rod pump can be positioned at the true vertical depth of the well.” But the […]
In a Philanthropic Spirit
MIDLAND, TEXAS—In a special event hosted by the Association of Fundraising Professionals / Permian Basin chapter, a select group of philanthropic-minded folks were feted at the Petroleum Club in this city on Nov. 19. This “National Philanthropy Day” celebration recognized deserving individuals and groups who have generously bettered their communities and their fellow human beings. […]
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