Anatomy of a Turnaround Two highly respected industry observers share insights into the recovery of 2017—a recovery that, if not “officially” in the works, is bound to unfold. The thing is, this recovery will be different from anything we’ve ever seen before. by Jesse Mullins For the Permian Basin Petroleum Association, fall means fresh […]
Bouncing Off Bottom
Every problem holds the seeds of its own solution. How the crude oil price collapse—grasped holistically—reveals the steps that will right the ship. First glimmers of a better day coming. by Jesse Mullins It was Will Rogers who said that an economist’s guess is liable to be as good as anyone else’s. When the […]
Road to Recovery
Pressing road concerns wind their way up the priority list. By Julie Anderson At least a decade ago, it was coming up in our rearview mirror. We glanced behind us and acknowledged it, and we even began talking about it: the need to fix our roads. Every now and then, it would make the […]
The State of Play
When the time comes to ramp back up, which Texas shale formations stand ready for recovery? By J. Chase Beakley The energy industry has long been the beating heart of the Texas economy, and although the Lone Star State has diversified significantly of late, so many Texans are still entwined in oil and gas. […]
Coping with Crisis
By Paul Wiseman There are many degrees of outsourcing, from using a service to vet and hire employees for the end user, to sending all work for a department such as Human Resources to another company. Some of those are doing better than others in this economy. Companies who handle the outsourcing of HR […]
Adaptation, Diversification & Hunting
Oilfield service companies come in all shapes and sizes. While competition is most certainly fierce, it may also be fair to say that no two service companies are exactly alike. They are far-ranging in size, in scope, and in their offerings. Separate from active drilling operations, but practically indispensible to the practice of drilling, service […]
The Broader Picture | May 2016
EIA Mar. 30 The profitability of oil and natural gas development activity depends on both the prices realized by producers and the cost and productivity of newly developed wells… Costs per well generally increased from 2006 to 2012, demonstrating the effect of rapid growth in drilling activity. Since 2012, costs per well have decreased […]
How the Workforce is Changing, Part 3: Change is Inevitable
by Shanti Terry “Education is our passport to the future, for tomorrow belongs to the people who prepare for it.” – Malcolm X After transferring to Texas A&M as a sophomore, one of the first things my roommates suggested I purchase was a pair of rain boots. I scoffed at the idea. Having been […]
The Shifting Dynamics of Cyber Security
By Shanti Terry Editor’s Note: We share the following as our “Part 2” coverage on the topic of Cyber Security, continuing the conversation that was begun in the September issue, in the article titled “Navigating the Cyber Security World.” Although gaining more awareness and fully understanding the questions around cyber attacks is vitally important, the […]
How the Workforce is Changing, Part 2: Employers Have Changed
By Shanti Terry As the workforce for the oil and gas industry change and adapt over time, employers for the industry are finding that they too have to evolve. According to the experts interviewed for this second look into why today is not your grandfather’s oilfield, some things have stayed the same, but most are […]