American Oil and Gas Reporter - November 2015 - 109

ConventionCoverage: Permian Basin Petroleum Association
is far from over, Shepperd advised.
"Federal methane regulation could
shut down everyone in this room," he
added.

Executive Panel
Oil and gas company executives speaking at an afternoon panel vowed their
companies would continue to focus on
building infrastructure, developing core
areas, and working to recruit and retain
younger talent.
Richard Jackson, president and general
manager of Permian Resources, Oxy USA
Inc., told PBPA his company was working
to build infrastructure to help accommodate production from the Delaware Basin.
Oxy continues to search for ways to
gain efficiencies similar to those achieved
industrywide, which Jackson said had
reduced drastically the number of days
required to drill new wells. The company
is focusing first on enhancing the productivity of its wells while appraising
future reservoirs selectively across its
acreage position, he added.
Observing that drilling and completion
activity easily could get ahead of infrastructure, Donnie Moore, vice president
over Noble Energy's Marcellus and Texas
business units, said the company would
continue to evaluate infrastructure needed
to accommodate its future Permian production, and would take a strategic approach toward acquisitions.
Noble isn't looking to acquire a large
inventory of drilled but uncompleted
wells, but wants instead to put money
back into the ground, he said. "For us to
look at an acquisition, it has to be something that will grow into a core area,"
Moore said. "You are waiting on the

Sharing their expectations for oil and gas operations in the Permian Basin at PBPA's
annual meeting are, from left, executive panel moderator Clint Walker, general manager
of Cudd Energy Services and PBPA chairman-elect; Richard Jackson, president and
general manager of Permian Resources, Oxy USA Inc.; Donnie Moore, vice president of
Noble Energy's Marcellus and Texas business units; and Ken Kirby, senior vice president
of development at XTO Energy.

right opportunity at the right time."
The company is focused on funding
operations from cash flow, he went on.
While working to enhance its production
growth rate, Noble is equally focused on
maintaining appropriate systems, processes
and people in order to come out of the
slump in better shape, Moore said.
Ken Kirby, senior vice president of
development at ExxonMobil subsidiary
XTO Energy, said his company would
continue to work to hold its acreage. "If
it's a good spot, we don't want to lose
it," he averred. "Luckily, we are in a
good spot and have a lot of prospects to
develop."
But while gas basins are rife with bargains, XTO already has plenty of gas to
develop and will use its inventory of
drilled but uncompleted wells as a capital

management tool, while working to hold
onto leases, he added.
Kirby said operators needed to do
what they could to help keep service
companies intact, and to continue to advance partnerships with universities to
attract new talent to the industry.
Oxy's Jackson confirmed companies
continued to look to universities for talent,
saying Oxy had been able to employ
graduates for front-line positions, and
was working with rigs and completion
crews to determine where those employees
could help it add value.
Moore told PBPA the industry needed
to continue to respond to the public. "We
have to be partnering with regulators and
our legislators, and working with our
communities to make them aware of what
we do," he counseled.
r

Lawmakers Anticipate Interim Studies
MIDLAND-Texas lawmakers speaking
at the Permian Basin Petroleum Association's annual meeting Oct. 15 hailed passage of legislation to reinforce the authority
of the Texas Railroad Commission and
the Texas Commission on Environmental
Quality to regulate oil and gas activity.
But although the biennial session ended
in May, legislators will be studying a variety of issues facing the state over the
interim, House and Senate leaders said
during a morning legislative panel.
Later in the day, state officials discussed
their investigation of induced seismicity
in the state, as well as other Texas and

New Mexico regulatory matters in an industry issues panel.
Representative Tony Dale, R-Cedar
Park, who chairs the House Energy Caucus, said the interim likely would include
discussions of legislation to ensure state
control over pipeline siting and construction, instead of allowing local governments
to control the process. "We don't need a
bureaucrat in the planning department
trying to design a pipeline when he isn't
an engineer and doesn't know how to
design a pipeline," Dale said.
Dale said he favored legislation on
the topic during this year's session, but

held it back so lawmakers could focus
on crafting legislation to reinforce state
authority over drilling and completion,
which resulted in passage of HB 40.
By passing HB 40, the legislature expressed the long-held view that the state
had primary oversight of the oil and gas
industry, attested Representative Drew
Darby, R-San Angelo.
Darby, who chairs the House Energy
Resources Committee, recounted passage
of HB 40, which also spells out the authority of Texas home-rule cities to regulate surface activity, including emergency
access, setbacks and other issues, although
NOVEMBER 2015 109



American Oil and Gas Reporter - November 2015

Table of Contents for the Digital Edition of American Oil and Gas Reporter - November 2015

Contents
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American Oil and Gas Reporter - November 2015 - Contents
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