Parker and Parsley’s partnership began with a handshake and humble beginnings in the early 1960s. It grew into what has now become a legacy, as they have paved the way for one of the nation’s largest independent oil and gas operations. Amidst an atmosphere of great cheer and nostalgia, Howard Parker and Joe Parsley […]
They Walked With Integrity
By Rebecca Hargus Howard Parker and Joe Parsley, this year’s recipients of the PBPA’s “Top Hand” award, are exemplars of what it means to be an oil and gas executive. And yet they are more than that, as well. Jan. 22 marks the grand and gala occasion, set for the Midland Center, in Midland, Texas. […]
Under the Rotunda: The Battle Begins
By Lana Cunningham This month marks the commencement of a session worth scrutinizing. Jack Ladd, Jr., vice president and special counsel for the Permian Basin Petroleum Association, sizes up the 2015 Texas Legislative Session and what it means to the oil and gas industry. Obtain more funding for roads. Check. Lift the export […]
Keep Those Names Straight
Many companies operate more than one entity, and oil and gas operators are no different. But what they may not realize—or simply disregard—is the fact that insufficient separation between those entities could expose all to liability to all owned entities. The Eleventh Court of Appeals of Texas recently reviewed a trial court judgment that found […]
Spring Swing: Silver Anniversary
By Brianne Womble On behalf of the Permian Basin Petroleum Association, we are proud to announce that, despite inclement weather, this year’s 25th Annual PBPA Spring Swing Golf Tournament turned out to be nothing short of an absolute success! It was the largest golf tournament PBPA has ever hosted, and we’d like to thank all […]
Debating the “Future of Energy”
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 […]
A Test of Allocation
Allocation wells have become a fairly hot topic with the Texas Railroad Commission, and Lessors. Although I have written about this previously, a refresher may be in order. The Texas Railroad Commission has been issuing permits since 1998 based on Production Sharing Agreements. These Agreements, signed by the interest owners, combine units or unpooled tracts […]
A “Threatened” Listing, an Embattled Industry
Last month we were able to close a chapter on one of the most pointed attacks our oil industry has ever withstood. Who would have ever thought that a federal law designed to protect the American eagle would be the choice tool of exploit for men who hate the oil industry? More disturbing was the […]
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 […]
PBPA Matters: Habitat Conservation Hits 2.5 Million Acres
The U.S. Fish and Wildlife Service approves oil and gas industry Candidate Conservation Agreement with Assurances By the time this issue appears, the U.S. Fish and Wildlife Service (USFWS) may have already announced its intentions as to whether or not it will list the Lesser Prairie Chicken as an endangered species. In the meanwhile, however, […]
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