How monetary policy pushed the industry over the edge. by Chase Beakley The Permian Basin has been inextricably tied to the global oil market since its inception, and although every warm body in the Basin knows this, there remains a feeling that the forces controlling their lives remain just beyond their understanding. And in […]
The Broader Picture: Reports from EIA, PIRA, and Platts
Where we share some O&G news from beyond the Permian’s borders—news that, in some way, touches the Basin. EIA Feb. 25 Despite lower crude oil prices, EIA expects Canadian oil production to continue increasing through 2017. Canadian oil sands projects that were already under construction when prices began to fall in 2014 and that […]
New And Noteworthy
Fresh offerings of products and services for the oil and gas set. Keytroller unveils state-of-the-art affordable remote equipment monitoring Countless companies are faced with the real and often costly predicament of how to monitor and track the location of their equipment in remote jobsites. Solving this issue, Keytroller, a designer, manufacturer, and supplier of […]
Help Along the Way
Julie Anderson During this seemingly long season of uncertainty, those in most every facet of the oil industry have been forced to analyze practices to determine whether or not what worked during prosperity will still work during scarcity. Changes have been made on all levels, from scaled-down activity to shrinking inventory to reduction of […]
The Engineer and the Conductor
Ryan Sitton is new guy at the Texas Railroad Commission, but with his technical background and measured approach, he was made for this post. by Al Pickett, Special Contributor Ryan Sitton, the newest member of the Texas Railroad Commission, has now been on the job a little more than a year since being elected […]
Decoding the State of the Union: What It Means for Texas Oil
by Chase Beakley On Jan. 12, President Obama gave his final State of the Union address, which he promised would included more ideas for America’s longterm future than policies for his final year in office. However, he did highlight a few efforts that he intends to devote his attention to in 2016 and as […]
New And Noteworthy
Fresh offerings of products and services for the oil and gas set. You Load 60 Tons? What Do You Get? You get this hook. Expanding its line of high-quality, forged rigging hooks, Columbus McKinnon Corporation (NASDAQ:CMCO), a leading designer, manufacturer and marketer of material handling products, now offers high-capacity rigging hooks with capacities ranging […]
Drilling Deeper: Mixed Bag
In this month’s miscellany of articles, “doom and gloom” largely holds sway, chased with the always-bittersweet implications of acquisition news. The Corn-Fed Albatross Called Ethanol In this excerpt from the Jan. 6 edition of The Wall Street Journal, Institute for Policy Intervention’s Dr. Merrill Matthews pointed out that if a presidential candidate opposed to […]
Pit-less in the Permian
Closed-loop drilling fluids systems shrink industry footprint. By Julie Anderson Perhaps it’s time to change the conversation, at least for a bit. There’s no denying the volatility, uncertainty, and gravity of declining oil prices, especially when it results in job loss. With that said, how about taking a look at the landscape in […]
Carefully Consider Options When Facing a Lease Termination Dispute
By Conrad Hester Thompson & Knight LLP With oil dipping below the $30 per barrel mark, the continuing profitability of many oil and gas leases may be in jeopardy. The likely result will be a spike in claims that a lease has terminated due to a failure to produce in paying quantities. Whether a marginal […]
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