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. […]
In Session: 2021
The Texas Legislature meets in a regular session every two years, convening on the second Tuesday in January of every odd-numbered year. These biennial sessions are limited to 140 days. The governor has the authority to call special sessions as necessary, which cannot exceed 30 days. The 87th Texas Legislature is set to meet January […]
Ziglo & Friends
My family moved to Odessa in 1949, just a year after George Bush moved his family there. George went to work peddling “rope, soap and dope” for one of the oilfield supply houses while my dad began building tanks for the National Tank Company. The Bushes left for Midland shortly after we arrived in town. […]
Homelessness the Theme of New Midland-based Film
“Finding Home in Boomtown” chronicles a family’s journey from six-figure oilfield job to living with and helping the homeless. “And He said to them, ‘Follow Me, and I will make you fishers of men.’ Immediately they left their nets and followed Him.” Matthew 4:18-20, NASB “He is no fool who gives what he cannot keep […]
Shrinking the Footprint
The business of environmental services keeps evolving into something more akin to a real business function, and less like an onerous duty. The trend is driven partly by conscience and partly by receptivity to change. The days in which “environmental” was a dirty word in the oil patch are long gone, say the experts. More […]
“People said, ‘We’ve got to do something different.’”
The last downturn helped shift people’s mindsets. Weatherford’s latest project in Odessa shows what that change looks like. By Paul Wiseman “We’ve been in the Permian Basin for decades,” said Weatherford International’s Karen David-Green, “and this new facility allows us to consolidate 10 product lines under one roof. It also shows that we intend […]
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