Click here to listen to the Audio verison of this story! This month being the month that holds Father’s Day (June 15), I’m going to share a story of a father. It just happens that the story I know best is the one I know from my own dad, Jess Mullins, Sr. He’s been […]
A Believer in This Business
“I’m sort of a watch maker more than I am a deal maker.” That’s one way Halliburton President and CEO Jeff Miller describes himself. “I’ve always been fascinated by how we do work and how we control work.” His goal is to create “the least amount of friction” with the most efficiency and safety. Boiling […]
Top Hand 2024: Honoring Our Own
The PBPA’s Top Hand Award for 2024 went to a much deserving recipient, Dennis Johnson MIDLAND, TEXAS—Highlighting an evening full of fond wishes, memories, stories, recognition, celebration, and an outpouring of good will, Midland’s own Dennis Johnson accepted the Permian Basin Petroleum Association’s Top Hand Award for 2024 here at a gala ceremony at the […]
Five-Day Wells, Challenges for OFS, and the Fallout of The Simpsons
The journal entries below are excerpted from recent installments of James Wicklund’s “Things I Learned…” newsletter. Anyone Care? A central topic [at a recent industry luncheon] was how the OFS companies survive—with consolidation winning that category—and thrive—a goal that no one seemed to have an answer for. The rig companies spend millions of dollars on […]
In the Best Basin Tradition
The oilfield legacy of this year’s Permian Basin Petroleum Association Top Hand, Dennis Johnson, looms wide and, as with any oil legacy, deep into the earth. He will be presented the award the evening of January 18 at Midland’s Petroleum Club. Currently Chairman and CEO of Summit Petroleum LLC, he previously had the vision to […]
Give and Take
The fact that any cities in the Permian Basin, including Midland and Odessa, are more than a pinprick on a map is due to the presence and extraction of oil and gas. Indeed, the only reason the region is named after rocks that are invisibly buried thousands of feet out of sight, instead of by […]
Permian People December 2024
December 2024: Hirings, promotions, and other personnel matters in the nation’s biggest oil patch—or in companies who do business here. SM Energy Company announced Sept. 9 that Beth McDonald had been appointed as its Executive Vice President and Chief Operating Officer. President and Chief Executive Officer Herb Vogel commented: “We are delighted to welcome Beth to our […]
Oil’s Eternal Optimist
MIDLAND, TEXAS—When Harold Hamm and a few members of his executive staff sat down with PB Oil and Gas Magazine in the Petroleum Museum in this oil-centric capital one sunny day this fall, the founder and leader of Continental Resources was keeping a timetable that would soon see them huddling up with the Permian Basin […]
Two Stock Bargains in the Delaware Basin
In recent months I have discussed multiple stock investment opportunities in the broad Permian Basin. Today, I will focus on two that are bargains in the Delaware Basin specifically. The Delaware has a higher percentage of natural gas to oil production than the Midland. While in the past companies were very focused on oil, […]
Sourcing Capital, U.S. Debt, Virtue Signaling, and [unvirtuous] Candied Pork Belly Bacon Bites
The journal entries below are excerpted from recent installments of James Wicklund’s “Things I Learned…” newsletter. It was a fun week in Dallas. The real treat [first week of October] was the Hart Energy Capital Conference in Dallas. The 400 attendees set a record for the conference. Karl Rove was the keynote so you can imagine […]
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