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 […]
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 […]
In Memoriam: Remembering Mark Merritt
This organization’s chairman, who passed away June 1, was highly thought of by his coworkers, neighbors, friends, family, and PBPA associates. By Jesse Mullins In the scant weeks since the last issue of this magazine appeared, the Permian Basin Petroleum Association lost its chairman, who succumbed to cancer. That loss, though it does not in […]
In Memoriam: Mark Merritt
Mark Merritt will be fondly and respectfully remembered by the Permian Basin Petroleum Association. It is with a very heavy heart that I write this month’s report. My friend and PBPA chairman Mark Merritt lost his courageous battle with cancer on June 1. He leaves behind his wife of 34 years, Kay, and their children […]
From the Chairman: Victims of Our Own Success
Pipeline “takeaway capacity” remains one of the most critical issues facing Permian Basin oil and gas interests. Is the Permian Basin oil and gas industry about to be a victim of its own success? We are seeing $20+/bbl price differentials between WTI Cushing and Brent crude prices and recently $8-10/bbl additional differential between Midland and […]
From the Chairman: Transformational Times
The transition from conventional play to unconventional play has become the defining mark of the revitalized Permian Basin’s oil and gas industry—a transition that poses both rewards and challenges. The Permian Basin is going through a transformation from exploration for conventional reservoirs to targeting tight unconventional reservoirs. As a result, the Permian Basin is an […]
From the Chairman of the Board
A ruling in mid-June rewards months and even years of diligent effort by Permian Basin energy interests and this region on the whole. At the time of this article being written, June 13th, we have received word that the U.S. Fish and Wildlife Service has made the decision not to list the Dunes Sagebrush Lizard […]
From the Chairman of the Board
Economic Analysis In any public debate, being able to quantify the real stakes is the first step toward a fair and accurate resolution. It is said that a rolling stone gathers no moss. However, here in the Permian Basin it appears that a rolling stone rolls faster and faster. As the resources plays continue […]
From the Chairman of the Board
Deserving of an Industry’s Gratitude One of the strengths of the Permian Basin Petroleum Association has been a long-established reputation as an association that is reasonable and well thought out in the positions that we present before the Texas legislature and other regulatory agencies. A big part of that reputation is PBPA’s ability to work […]