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 […]
Remember a Veteran on Veteran’s Day
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 […]
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