permian oil & gas magazine

The Coffee Shop Credit Check – Permian Basin Oil and Gas Magazine

By Paul Kenworthy Every year on July 4th, our National Birthday, I am reminded of another birthday: My father, Paul W. Kenworthy, was born on July 3rd. He formed and operated the original Kenworthy Tank Rental in Odessa during the late ’50s, ’60s and early ’70s. During this period Kenworthy…

The Cylindrical Trade – Permian Basin Oil and Gas Magazine

by Paul Wiseman Wars against disease and among Slavic peoples have flooded service companies with changes, both in demand for energy and in supply of goods to sell. Oil country tubular goods (OCTG) suppliers are no different, and companies like R&D Pipe Company and Baker Tubulars are broadening their offerings…

Where Next for Natural Gas? – Permian Basin Oil and Gas Magazine

The business of gas has become a bigger factor than most expected when the Shale Revolution reinvigorated the Permian Basin. What’s the latest for this commodity? In 2023, natural gas has been fairly steady, not making the surge some expected, but not going into collapse, either. In the United States,…

To Frame the Discussion – Permian Basin Oil and Gas Magazine

By Paul Wiseman “I’ve spent my lifetime on this, 46 years, and this is the worst position I’ve seen us in, in 46 years,” said Mark Stansberry, an oil and gas advocate as well as energy advisor and corporate development strategist. Indeed, it is not hard to find someone…

Roll On – Permian Basin Oil and Gas Magazine

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by Paul Wiseman From the last mile, in almost every case, to every mile in many cases, trucks are indispensable in today’s delivery-based economy. Nowhere is that more true than in the oil patch, where trucks haul everything from drill pipe to drilling rigs to the oil itself, over tens…

Determination, Delays, and a Dose of Drama – Permian Basin Oil and Gas Magazine

If the Regular Session of the 88th Texas Legislature were to be summarized in bullet points, here’s how it might read: Texas Comptroller Glenn Hegar projects a $32.7 billion surplus, giving lawmakers a spending cushion prior to the 140-day session. On Jan. 10, Texas Secretary of State Jane Nelson convenes…

Where the Action Is – Permian Basin Oil and Gas Magazine

With return on investment and environmental, societal, and governance (ROI and ESG) concerns topping the charts, service companies tasked with getting downhole and opening the wellbore are under the gun these days. Making hole quickly is the first step, and completing the well—or in some cases re-completing—can boost producers’ bottom…

88th Regular Session Enters Home Stretch – Permian Basin Oil and Gas Magazine

Texas representatives and senators are required by law to pass a balanced budget every two years. While the House and Senate each work on the budget and hold hearings simultaneously, they traditionally take turns originating the general appropriations bill and chairing the Budget Conference Committee. For the 2023 Regular Session,…

To Weather the Storms – Permian Basin Oil and Gas Magazine

The saying about the weather—if you don’t like it, just wait a minute, it’ll change—has become interchangeable with oil prices. Actually, oil prices tend to change even if you do like the current ones. The last two years have pelted the industry with everything from the tornadoes of negative prices…

Flying High: Drones and Airplanes – Permian Basin Oil and Gas Magazine

When a handshake and face-to-face time are important for a business deal, Nicholas Air flies oil company executives across Texas and to many other places. The airways over the Permian Basin have long been highways to elsewhere for people traveling for business or pleasure. In recent years the advent of…

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