PBPA Tracking Industry-Related Issues By Julie Anderson So many issues. So little time. Playing defense here. Coordinating offense there. Monitoring, testifying, convincing. When it comes to the New Mexico and Texas legislative sessions, the game plan is complex partly because the issues are layered, much like the stacked multi-pay zones that permeate the Permian. Wheels […]
PBPA Annual Meeting
Rallying for the Cause When the 56th Annual Meeting of the Permian Basin Petroleum Association convened Oct. 24-25 in Midland, the stakes were set, the objectives were identified, and the challenge was laid down. Photography by Ali Slaughter MIDLAND, TEXAS—A packed house greeted the speakers and panelists at the 56th annual meeting of the Permian […]
New Seasons Remind of a Time Before
About 12 months ago, I wrote a column about the changing seasons. For most of the world around this time of year summer is giving way to fall and many transformations are occurring. Temperatures are dropping and leaves are changing colors. September, while it might not bring cooler temperatures to our corner of the world, […]
He Made a Hand
Tenets to Live By By Julie Anderson No doubt S. Javaid Anwar could lead a seminar on achieving success in the petroleum industry. However, the owner and president of Midland Energy, Inc., could also teach a class on “the tenets of success” or “habits to live by,” the kind of course you would want your […]
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 […]
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 President: Seeking Consensus
Legislative matters, regulatory issues, and the science question, revisited. Both the Texas and New Mexico legislative sessions are in full swing. Both legislatures are full of new faces. In Texas, there are over 40 freshmen House members. PBPA hosted a luncheon for these new Texas house members last month the day before the session began. […]
From the General Counsel: NPRI Owners and Their Interests
The Non-Participating Royalty Interest Owner has been known to make things interesting for operators when the former has not fully been taken into account. Operators of oil and gas lands can potentially tread some dangerous water when it comes to the payment of royalties to all interest owners. Typically, operators have Drilling Title Opinions drafted […]
From the General Counsel: No Going Back
The backdating of pooling agreements is not permissible, per the Texas Supreme Court. The Texas Supreme Court recently provided guidance on the practice of backdated pooling agreements when it denied review of a memorandum decision issued in June 2012 by the Eleventh Court of Appeals. Eddie E. Godfrey, individually, and Eddie E. Godfrey and Jay […]
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 […]