“The lady that ran the courthouse was named ‘Peaches’.” - Allen Gilmer
“We focused on Texas only, and we covered things we could get from the Railroad Commission. So, that was production data back to 1970. Then there were permits and completions. Permits, we collected daily, because we were located...
“We Believe in Long-Term Careers.”
It is an increasingly rare thing indeed to come across anyone in America today who has spent an entire career working for a single corporate entity. The advent of constantly-advancing technologies and our increasingly mobile and restless society has by and large ended the American...
Oil and Gas & COVID-19 Hit Hard
With the onset of COVID-19 and the resulting general-economic shutdown that is affecting much of the country, it is a challenging time to stay in business. But, the oil and gas industry has been hit particularly hard. In order to survive, oil and...
Mike Howard Knows
An Essential Business in the COVID-19 Era
An Essential Business in the COVID-19 Era. “We are an essential business. Since we are providing low-cost abundant hydrocarbons to our customers, downstream and upstream, we are an essential business. We’re the business that powers every other business. Without hydrocarbons other...
On November 23, 2021, as the price for West Texas Intermediate (WTI) crude oil hit $78.50 per barrel, U.S. President Joe Biden issued an order to the U.S. Department of Energy (DOE) to release 50 million barrels of oil from America’s Strategic Petroleum Reserve (SPR). Concerned about his declining...
In March 2019, House of Representatives Speaker Nancy Pelosi unveiled the Climate Action Now Act which was a bill that essentially forbids the US withdrawal from the Paris Climate Accords. At the same time Senate Minority Leader, Chuck Schumer announced a new Democratic committee on climate change that would...
“My story starts in 1956 when I was one year old, and M. King Hubbard made a prediction about ‘peak oil.’ He said somewhere around 1970 U.S. production would peak at about 10 million barrels per day and then it would fall off over the next 25-30...
Tom Pyle and IER: Punching Above Their Weight for Energy
When a person hears the term “think tank,” the mind naturally turns to politically-oriented entities like the Brookings Institute, the Cato Institute, Harvard University’s Kennedy Center and the Hoover Institute at Stanford. Those institutions and many others formulate policy positions...
The Three Sectors of the US Oil and Gas Industry: Upstream, Midstream, and Downstream
An Overview of the US Oil and Gas Industry
The oil and gas industry in the United States has traditionally been broken down into three main business sectors: upstream, midstream, and downstream. The upstream sector consists of...
Jason Modglin Jumping Into Leadership at the Toughest Possible Time2020 has been a tough year for the oil and gas business. Most agree that it is the worst climate for the industry since at least the bust of the mid-1980s, and possibly the worst since the 1930s, once all...
