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Lessons learned through boom and bust

FARMINGTON, N.M. — As the price of crude oil hovers around $30 a barrel with only two rigs currently running in the San Juan Basin, many local oil and gas companies have responded by laying off employees and struggling to pay down debt.

But not all of them.

Some of the longer-running oil and gas business owners in town say that while no downturn is pretty, they have all posed similar challenges and familiar demands on anyone running any kind of company.

Three Farmington oil and gas company owners who have survived boom and bust cycles — once or several times — share what they’ve learned.

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By James Fenton / The Daily Times

Wednesday, March 9th, 2016 at 9:05am