The 51st Annual Meeting of the Permian Basin Petroleum Association is slated for Oct. 23-24, with the traditional Icebreaker Reception to be held on the evening of the 23rd at the Petroleum Museum and the full session of Kickoff Breakfast, Technical Sessions and Luncheon—including speakers—to be held on the 24th at the Petroleum Club in […]
No Shortage of Activity
Mitchell gets tribute, coal gets crushed, Edward grows apace, Parsley breaks ground, and Range pays attention. George P. Mitchell, 94, the son of a Greek goatherd who was one of the most prominent independent oilmen in U.S. history, died July 26 in Galveston. He was instrumental in unlocking immense natural gas and petroleum resources with […]
Businesses Push to Keep Pace With the Still-Surging Boom Across the Region
Chevron Comes Closer Austin-based Swinerton Builders Texas has been named as the builder of the state-of-the-art office complex and campus that Chevron is to develop in Midland. The campus will support Chevron’s goal of providing a world-class facility for its West Texas Permian Basin operations, allowing them to attract talented new employees and support future […]
Opportunistic Times
One proposed pipeline looks “in,” another looks “out,” and Pioneer hits big with a Martin County well. Centurion Pipeline, subsidiary of Occidental Petroleum Co., announced an open season to solicit shipper commitments to a proposed Cline Shale pipeline system. Customers interested in transporting crude oil from Irion, Sterling, Coke, Tom Green, and Mitchell counties to […]
Charting the Course
Our rundown outlines the main bills that affect(ed) oil and gas in Texas and their status moving forward. Railroad Commission of Texas Sunset HB 1675 Bonnen, Dennis(R) Nichols, Robert(R) Relating to governmental entities subject to the sunset review process. Sunset Safety Net Bill. This is the so-called “Safety Net” bill that provides […]
The 83rd Legislature in Retrospect
Note: At the end of this article, there are Q&A’s with legislators about the legislative session. As the smoke clears on the recently concluded legislative session, Texas’ oil and gas interests can be relieved that nothing too damaging found passage. Still, questions remain and certain issues linger. If there are two things that West Texans […]
News Reviews: Making a Mark
The industry recognizes an innovator; China enters the Wolfcamp; regulators held accountable; and another oil company picks up stakes for the Cline. Mora County in northeastern New Mexico became the first county in the U.S. to pass an ordinance banning hydraulic fracturing. The Los Angeles Times reported that all residents in Mora County depend on […]
What Constitutes Fair Tax Treatment?
contributed by the Texas Society of Certified Public Accountants The answer could lie in this–a white paper on legislative proposals to repeal certain tax treatments of domestic oil and gas exploration and development. Introduction The United States is currently experiencing a significant budget deficit with expenditures projected to exceed income by nearly $845 billion for […]
Elevated Perspective
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 […]
News Reviews – May 2013
The Texas Railroad Commission adopted new rules March 26 to encourage Texas operators to continue their efforts to conserve water used in hydraulic fracturing for oil and gas even though hydraulic fracturing and total mining use account for less than one percent of statewide water use. The state’s top three water consumers are irrigation, municipalities, […]