An Interview for Next Generation of Industry Leaders, PESA
PESA’s Emerging Executives Committee prepares high-performing individuals for their role as the next generation of industry leaders. The Committee develops and carries out their own agenda of events and training seminars, including Leadership Forums, an Executive Leadership Year-Long Program, and the Executive Address Series. PESA recently sat down with...
Coastal States
I woke up on July 5 to the realization that the day represented my 40th anniversary in the oil business. On July 5, 1979, I went to work as an accountant for Coastal States Oil & Gas Company after a post-graduation job search that left me with a choice...
The Texas oil and gas boom kicked off in 1901 following the discovery of the Spindletop field near Beaumont, Texas. Referred to as the “Lucas Gusher,” it presaged the rapid expansion of a young industry that has shaped the state’s economy for more than a century, with the ups...
Trump has started providing lower royalty rates to producers on federal lands who couldn't continue to operate those leases at normal rates.
West Texas has a permanent power problem. According to the Dallas Morning News, the Permian Basin, which produces almost 4 million barrels of oil a day, expanded so quickly that the electricity suppliers who are needed to keep wells running are struggling to keep up. In the article, an oilfield...
The oil and gas industry is facing strong competition in attracting science, technology, engineering and mathematics (STEM) talent, with 44% of STEM Millennials and Generation Zs (Gen Z) interested in pursuing a career in the oil and gas industry, compared to 77% in the technology sector, 58% in life...
Corporate Social Responsibility Program, In-Kind Giving
It’s no secret that corporate social responsibility (CSR) programs are good for business as well as the community. They improve employee engagement, increase customer loyalty and elevate corporate brands. But while most companies build their CSR programs around monetary donations and employee volunteerism, there is another form of giving...

A Tale of Caution

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Developing and executing a strategic plan to help manage real estate and occupancy costs is an important consideration for oil and gas companies. A well thought out plan will have long term financial implications and will impact the ability to attract and retain talent moving forward.  By sharing some...
Congressman Michael Cloud
The nature of bottlenecks is that the resolution of one generally results in others developing further downstream. We see this in automobile traffic, where the clearing up of an accident or the adding of new lanes of one stretch of freeway ends up creating another bottleneck down the road. We...
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