Veterans Day falls on Nov. 11th. As I pondered how to commemorate this occasion, it occurred to me that one way is simply to tell a veteran’s story. If the desire is to honor veterans in general, then seeing one doing his sacrificial duty for his country is a good way to remind us of […]
Permian People November 2024
The November edition of the hirings, promotions, and other personnel matters in the nation’s biggest oil patch—or in companies who do business here. Denver, Colo.-based SM Energy hired Beth McDonald, former Pioneer Natural Resources executive, as its new Executive Vice President and Chief Operating Officer, effective Sept. 9. McDonald has 23 years of experience […]
In Praise of the Season
Did we say that the season is deer season? We celebrate this special time of the year with tales both heartwarming and humorous. The month of November is—in Texas at least—marks the beginning of deer season for hunters using firearms (as opposed to bows). It’s the month when deer hunting reaches its heights of attention, […]
Sizing up 2025: PBPA’s Annual Meeting Takes Aim on the Future
MIDLAND, TEXAS—A slate of speakers and panels that ran continually from 7:30 a.m. to 2 p.m. on Sept. 12 concluded what organizers and participants deemed a successful and productive Annual Meeting for the Permian Basin Petroleum Association, held in the Petroleum Club here in this oil capital of West Texas. On the night previous, […]
Portrait of a Roustabout
A roustabout is, in some ways, the essence of what the oil patch is all about. Sometimes confused by the public as a roughneck, a roustabout is generally thought of as just a less-skilled oilfield hand than a roughneck, but the fact is, their occupations are different. Roughnecks work on the rig floor, in proximity […]
Pressure Pumping Under Pressure, OFS Could Soften, EWTC’s Event, and BBQ Done Right
Red-Headed Stepchild Pressure pumping seems like constant football, getting kicked around, winning or losing. First, things go flat. The observation that we know how to manage spiking growth and plummeting drops, but not flat times, was made by many to me. Pricing gradually erodes. Now account for the consolidations we have seen in E&P and the slowdown […]
Permian People
Hirings, promotions, and other personnel matters in the nation’s biggest oil patch—or in companies who do business here. Craig Morford, Vice President, General Counsel, and Secretary for Exxon Mobil Corporation, an oil and energy company, retired on July 1. The Board of Directors elected Jeff Taylor to succeed him. “Craig has been a valued […]
The Dallas Fed’s Outlook, Opinions in Madrid, a new Exchange, and a Good Steak Joint Gone
The journal entries below are excerpted from recent installments of James Wicklund’s “Things I Learned…” newsletter. Perspective. The Dallas Federal Reserve Bank issued their 2nd quarter review of the oil and gas industry. Production was little changed; costs rose faster for OFS and still rose but more slowly for E&P. OFS utilization improved but margins were […]
Permian People – August 2024
Hirings, promotions, and other personnel matters in the nation’s biggest oil patch—or in companies who do business here. Kimmeridge, an alternative asset manager focused on the energy sector, announced June 25 that its affiliate, Kimmeridge Texas Gas, has appointed David Lawler as chief executive officer. Lawler will advance KTG’s efforts to become a fully integrated […]
Rig Counts, Consolidation, Super DUG, and E-Fleets
U.S. Production. Rystad Energy is out with a U.S. production forecast through 2025. Rystad Energy expects onshore U.S. Lower-48 production growth to be concentrated in the Permian. After growing about 350K bpd between the fourth quarter of 2022 and the fourth quarter of 2023, this year Rystad Energy expects fourth quarter combined Bakken, Eagle Ford, and […]
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