Global Perspectives
  • Energy  

    Permian Basin Oil and Gas Production and Drilling UP! Huge Impact on Texas and NM State Budgets

    The Permian Basin continues to generate huge "mining" cash flows from oil and gas, and the impact on Texas and New Mexico state budgets will be in the billions of dollars.

    Just a simple "fly over" the Permian Basin says it all.  The land is peppered with oil and gas wells. 

    Oil wells are being drilled everywhere, it seems, in the Permian Basin of West Texas and New Mexico. We have been followers of news accounts of this area for years, have visited the areas of Texas and New Mexico and have done many appraisals, feasibility studies, and valuations of various oil and gas drilling companies. We also have observed that some companies that were on their financial knees just two years ago are now making millions of dollars. Cities such as Hobbs, Carlsbad, Odessa, Midland and dozens of small towns in between have seen new money coming to town, new demand for housing and hotels, new RV and mobile home parks, and retail stores, restaurants and other businesses doing well. Some of the towns with good leadership have attracted regional offices that will have a long-term presence in their communities, creating stable, long-term jobs for their towns. That is the nature of the oil and gas business. If you wish to contact our appraiser for valuations in the oil and gas boom areas, contact: Gas, Oil, Land and Boomtown land appraisals…


  • May 7, 2018 | Energy  

    Permian Basin Becoming the World's Largest Oil Field

    THE PERMIAN BASIN “WILL PROBABLY BECOME THE WORLD’S LARGEST OIL PATCH,” says Bloomberg, drawing from research of the U.S. Energy Information Administration. If someone asks that basic Wall Street question in Fort Worth or Midland, "WHERE'S THE NEW MONEY BEING MADE?" the answer is quick and simple for those who know what is going on in West Texas and Southeast New Mexico...


  • Aug 15, 2017 | Energy  

    Carlsbad's Natural Gas Drilling Boom Is for Real, in New Mexico Jobs Galore for Workers!

    A few months ago, published an article about a coming natural gas drilling upsurge coming to Carlsbad, New Mexico, and the surrounding area in general ranging east to south to southeast. We were well ahead on this story, and two weeks ago I personally visited Carlsbad to see some of the most active oil and gas activity that I have observed in years...


  • Jan 15, 2017 | Energy  

    New Oil and Gas Drilling on the way? Lots of smoke, is there fire? Some hopeful logic.

    There are some indications that oil and gas companies are planning and ramping up for increased drilling activity in Texas and New Mexico. When EXXON paid $5.2 Billion dollars for oil and gas leases, many in the Carlsbad, NM area, some figured the big boys are getting ready to drill. Then another contract was signed for $1 billion + for another group of drilling rights...


  • Dec 21, 2016 | Energy  

    Las Vegas Nevada Now Powered by Renewable Energy

    All Las Vegas city facilities, from government buildings to streetlights, are now running entirely on renewable energy, city officials have announced. “We can brag that the city, this city of Las Vegas, is one of the few cities in the entire world that can boast of using all of its power from a green source,” Las Vegas Mayor Carolyn Goodman said in a news conference Monday...


  • Aug 28, 2016 | Energy  

    News from PGOB Blast, Oil Production Increasing in Texas and New Mexico

    Credit to our friends in West Texas for the attached news about increased oil production. This confirms our personal and independent conversations with producers who tell us that "activity is up, and the Permian Basin is hot again...


  • Jul 5, 2016 | Energy  


    We at thought you should see this article, by Michael McDonald of

    It is thought provoking and goes beyond the temporary Saudi Arabian impacts on oil and gas pricing for

    the world. While no one can predict with absolute accuracy how markets will behave, this chart shows

    that the fastest growing demand for energy is from Asia...


  • Apr 12, 2016 | Energy  


    The average person in the United States spends over $2200 per year, in travel energy, (gas for your car for example), plus $800 per person for home lights, AC, heating. If you have a family of 4, you are spending, on average over $12,000 per year, for energy. You could give yourself a sizable raise just by using solar, or by putting more insulation in your house...


  • Sep 11, 2015 | Energy  

    Oil Rig Count Down in Texas and New Mexico. Overall USA 864 rigs now vs 1,925 last year.

    Houston-based Ajax Resources, a new exploration and production company backed by Kelso & Co. of New York, acquired 25,800 net acres in the Permian Basin from another Houston company, W&T Offshore, for $376.1 million. The assets are located in the Yellow Rose field in Andrews, Martin, Gaines and Dawson counties...


  • Aug 29, 2015 | Energy  

    Oil, OPEC, and the $900 Billion Mistake

    OPEC’s $900 Billion Mistake By
    Posted on Mon, 24 August 2015 19:59 | 9 With WTI falling below $40 and perhaps heading for $20, one needs to wonder if ? Why are they following this course and what are their goals? The face value explanation, accepted by many, is that OPEC is protecting market share especially against rampant supply growth in the OECD, namely in the US LTO (light tig


  • May 20, 2015 | Energy  

    Texas Law Prohibits Local Cities from Regulating and Banning Fracking

    One of the things that I have appreciated about Republicans, is their desire to allow the people to be left alone and to encourage individual rights and local regulation instead of centralized laws. Republicans have been saying that they promote the desire and the rights of individuals without Government telling them how to live or what they can or cannot do...


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