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 […]
Allocation Revisited
A few months ago I wrote on the Texas Railroad Commission’s issuance of permits for “Allocation Wells.” Specifically, I noted that EOG Resources, Inc., in 2012, applied for a permit to drill an Allocation Well that crossed leases in which it did not have the right to pool. The mineral owners protested the issuance of […]
Mounting Challenges
Permian Basin activity remains strong throughout the Basin and that makes the work we do here at the PBPA all that much more important. The issues keep coming at us and the Board and I are committed to doing what it takes to keep folks drilling and producing for years to come. PBPA continues to […]
Annual Meeting Preview: Mark It Down
The 51st Annual Meeting of the Permian Basin Petroleum Association is slated for Oct. 23-24, with the traditional Icebreaker Reception to be held on the evening of the 23rd at the Petroleum Museum and the full session of Kickoff Breakfast, Technical Sessions and Luncheon—including speakers—to be held on the 24th at the Petroleum Club in […]
Getting Technical
The devil is in the details, where some deals are concerned. Recently, a Petition for Review was filed in the Texas Supreme Court centering on an assignment terminating due to non-payment of overriding royalty interests. Specifically, the Court of Appeals for the Sixth Appellate District of Texas, Texarkana, looked at the issue of “strict compliance” […]
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 General Counsel: The “Wash-Out” Debate
Lessees who pay overriding royalty interests are obliged to continue honoring those ORIs with every lease renewal or extension, without exception. Or are they? That’s now a question for the state’s Supreme Court. Do pesky overrides give you issues? The Supreme Court may soon provide a solution to that particular problem. The high Court has […]
From the President: Worth Your Time
Fall is shaping up as a critical time for our industry, where regulatory policy-making is concerned. Companies are advised to be ready to express themselves on proposed changes when the opportunities arise. As summer rolls on and the Legislature reconvenes for transportation issues, planning is underway in Austin for a series of regulatory and legislative […]
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. […]
A Bang-Up Event
For full coverage of the PBPA Clay Shoot and Pit Challenge, view our digital edition by clicking here. In the meantime, here are a few images from the event.
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