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 […]
The “Brain Drain” Issue
The Permian Basin is the undisputed leader in American oil and natural gas production—with all due respect to our colleagues and compatriots in North Dakota. With this stature comes enormous responsibilities, not just from the oil and gas industry and its workers, but across the states and counties of the Permian as well. Being so […]
Spring Swing: Fairways and Fellowship
ODESSA, TEXAS—It was a beautiful Monday, the 8th of April, the day of the solar eclipse, when the membership of the Permian Basin Petroleum Association took over the Links Course and the Old Course at the magnificent Odessa Country Club and once again participated in the grand tradition that is PBPA’s Spring Swing Golf Tournament. […]
Going Dutch
Standard Energy Services Founder and President Pieter Bergstein started his company with no down payment on one hot oil truck. Today Standard has 350 employees and additional services—including vacuum trucks, pump trucks, well service, saltwater disposal, and others, along with hot oiling. This company that, over the years, has been asked to help clean up […]
Voting: Now is the Time
It is indeed nice to write for this publication, in the sense of being able to have literary freedom in terms of discussing safety. While the government continues in its overreach to control everything, safety included, we still fortunately have freedom of speech. Our freedom of speech can be seen as a parallel to the […]
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