Well, at the end of June, nearing $40/bbl for the price of oil sure feels better than nearing $10/bbl. While it’s not the $55/bbl that we enjoyed pre-“Double Whammy,” (Covid-19 and Price War) it is much better than we experienced in the month of May, when realized prices for many were in the $17/bbl range […]
“Buy American”
Well, at the writing of this article things are looking much better than over the last two months, as many states are “opening up” and the Covid-19 statistics are not changing dramatically. It appears the worst of the pandemic is behind us. We’ve survived a lot. We’ve survived weeks of full quarantine. We’ve survived negative […]
Permian Perseverance
In 2006, when I first began serving as the president of the Permian Basin Petroleum Association, many people around the state and nation talked about the Permian Basin like its best days were behind it. Some took joy in writing these obituaries, and some have begun to do so once again. Then, just like now, […]
Navigating a Twofold Crisis
You have to like a guy who does the thing that gives people a measure of hope. Just when the grimness of the colossal price drop in crude oil was deflating people’s outlook for their economic future, someone did something uplifting. Kirk Edwards published an “Open Letter to President Trump” in the Odessa American on […]
Permian Basin idles 32 percent of rigs in past five weeks
In the past five weeks, according to Baker Hughes’ reports, there have been 135 rigs idled in Permian Basin (down 32.3 percent from six weeks earlier March 13), 146 in Texas (down 35.8 percent), 33 in New Mexico (down 28.2 percent) and 263 in U.S. (down 33.2 percent). As of April 17 there were 283 […]
PBPA: Out to Pave the Way
The Permian Basin Petroleum Association has been on a years-long crusade to bring not just attention but real remedies to what might be the Permian Basin’s biggest need: adequate highway and road infrastructure. Michael Lozano, manager of Community and Legislative Affairs for PBPA, spoke to this magazine recently about the long road they have traveled, […]
A Night of Memories
MIDLAND, TEXAS—This year’s year’s Top Hand Award Banquet honoring Dick Saulsbury of Saulsbury Industries fetched hundreds of PBPA members and other individuals representative of Basin energy interests to the Midland Petroleum Club on Jan. 16 to celebrate the career of an extraordinary man. Saulsbury himself took the podium at one point during the proceedings and […]
Sharing Her Vision: A Basin Thought Leader
A PBPA Q&A with Vicki Hollub, President and CEO, Occidental Petroleum Corporation Occidental is the largest producer in the Permian Basin, and the company has been a valued operator in the region and member of the Permian Basin Petroleum Association. Tell us about Occidental’s business in the region. We are proud to be the No. […]
Top Hand 2019: Dick Saulsbury
Dick Saulsbury’s impact can be felt on projects all across the Permian Basin, and now his remarkable career will be recognized when Saulsbury is honored as the Permian Basin Petroleum Association’s 2019 Top Hand winner at the annual Permian Basin 2019 Top Hand Award Banquet on the evening of Jan. 16 at the Barbara and […]
PBPA Annual Meeting in Pictures
MIDLAND, TEXAS—The Permian Basin Petroleum Association gathered its faithful in this O&G-centric city Oct. 23-24 and shared its news, views, plans, and projections as 2019 was analyzed and 2020 put in its sights. An enthusiastic membership packed into the new downtown Barbara and George H.W. Bush Convention and Civic Center on Thursday, Oct. 24, in […]
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