April 28, 2014—Returning to Midland after being immersed at my graduate business school alma mater, Harvard, and interacting with the unique culture of New York City, I have a different perspective than when I departed Midland 4 days ago. It also happens that a long flight is a great time to read The Wall Street […]
The Changing Dynamic
While the size of the prize in the Permian Basin is now greater than ever in my lifetime, the bar is set higher than ever for those who aspire to attain the prize. I am told that the late 1950s was a great time to be in the Permian Basin, but I did not show […]
Circles of Influence
Primary We have survived the bruising primaries with some close races, surprising results in a few cases, and yes, runoffs. After the runoffs, it is time to move on, politically reunite our oil and gas community, and focus on the November elections, which are critical to our industry. I hope our supportive incumbents and Republican […]
Living By the Code
Don Evans was feted by a record-breaking crowd as he accepted his prestigious Top Hand Award. By Lana Cunningham | Photography by Curtis Routh/Gary Jefferson at LeaveTheCamera.com Donald L. Evans grew up in a world where he was influenced by not only his parents but also the television and movie hero Roy Rogers. After listening […]
(Too) Much Ado About Tremors
Just when you thought no other ugly issue could rear its head (e.g., lizards and chickens), we have, from the land of Senator Wendy Davis, claims that hydraulic fracturing is causing earthquakes. There is no disputing that there has been an increase in tremors registering as high as 3.6 in magnitude over the past three […]
A Test of the “Right to Pool”
In January of last year, the Court of Appeals for the First District of Texas issued an opinion that centered on surface use by an oil and gas operator. The Court of Appeals affirmed the lower court’s judgment, which found in favor of the surface owners, Will and Loree Hegar. The operator, Key Operating & […]
New Mexico Begins 30-Day Session
By the time this issue circulates, the New Mexico Legislature will be more than halfway through its 30-day Legislative Session. Whether that lawmaking occasion will produce or amend any oil and gas legislation is a question on the minds of some, but answers won’t be clear until the proceedings are well under way. By Feb. […]
From the Chairman of the Board – February 2014
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 General Counsel: A Matter of Balance
The Eleventh Court of Appeals, located in Eastland, Texas, recently dealt with an issue I tend to avoid, if I can, in these articles: the seemingly never-ending dispute between the respective rights of surface owners and oil and gas operators. In this unique case, the operator, Southwest Royalties, Inc. (SRI), sued the surface owner, Mr. […]
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