Mexico’s Energy Reform Bill: The Aperatura Mexico’s government has taken the initial bold step to open up its energy sector to private investment. While the Energy Reform Bill was signed into law by Mexico’s President Enrique Peña Nieto on December 21st, following approval by both houses of Congress and a majority of Mexico’s 31 states, secondary […]
Light Sweet Crude and Refineries: An Overload in the Making
At the PBPA Annual Meeting, Pioneer Natural Resources’ President and COO Tim Dove raised a concern about the growing excess of light sweet crude being developed in the unconventional plays in the Permian Basin, exacerbated by the light crude and condensate being developed in the Eagle Ford. Not coincidentally, Pioneer is one of the major […]
From the Chairman: The Place to Be
As I look out the window at a bluebird sky in Midland, I breathe a satisfied sigh of relief that October has passed as I participated in four conferences: NMOGA in Santa Fe, the Executive Oil Conference in Midland, Pine Brook Road Partners’ Annual Investor Conference in New York, and the Permian Basin Petroleum Association […]
Looking to the Future
An annual shareholders’ meeting provides an opportunity to reflect upon the mission and actions of an organization. It is no different for the Permian Basin Petroleum Association. The accomplishments that I am going to share have nothing to do with me, but everything to do with President Ben Shepperd’s leadership and the chairmen and directors […]
Taking Time for What Matters
In the rush of daily affairs, it is easy to avoid dialogues with peers and industry advocates—but sometimes those conversations are the most productive ones we can have, and the most beneficial for our industry. As I reflect upon the week passed, one filled with meetings with impressive political candidates and Texas Railroad Commissioner Christi […]
From the Chairman: New Mexico’s New Directions
The Land of Enchantment is “open for business” with ground rules that are clear and reasonable – and maybe even deserving of consideration beyond New Mexico’s borders. Just when you thought the political season was over (the 3rd special session is still in progress in Austin as I write), the campaign season is upon us. […]
From the Chairman: Wrangling Over Water
Various camps that are unfriendly to oil and gas are making water their point of contention. Water. It is a hot topic in Texas now, with drought concerns and high demands coming from many directions. Although hydraulic fracturing accounts for less than 2 percent of statewide water use, hydraulic fracturing and the economic prosperity of […]
From the Chairman: Final Push
Sunset legislation and other critical issues draw greater scrutiny as the Texas Legislature heads down the home stretch. The Texas legislative session is in full swing. Many issues are being discussed. The Railroad Commission Sunset is probably the biggest issue impacting our industry at this point. The House Energy Resources Committee heard testimony last month […]
The Politics of “Sue and Settle”
The “green lobby’s” tactics in the species-listings campaigns are lacking in transparency, candor, and accountability. As we have previously reported, in November the U.S. Fish and Wildlife Service (FWS) put forth their proposal that the Lesser Prairie Chicken be listed on the Threatened Species list per the provisions of the Endangered Species Act (ESA). The […]
From the Chairman: Supply & Demand – In Perspective
No one in this industry has a crystal ball, but even so, it’s helpful sometimes to ask, and try to anticipate, where things are headed. The Permian Basin oil field has had a high level of activity for the last three years. This high level of activity has brought a number of positive effects on […]
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