Following the coronavirus (COVID-19) outbreak, China—the world’s biggest importer of crude oil—has been forced to cut down on consumption. The resulting oil price crash is having a cascading effect on forward and backward industrial supply chains, as well as oil and gas projects across the value chain. These are likely to result in changes in […]
Nowhere to Go: Oil Cuts Loom
IHS Markit expects up to 10 MMb/d of world oil production will be cut or shut-in from April to June 2020 as oil storage fills up and output from financially strapped companies begins to fall. If oil cannot be sold or stored, it cannot be produced. Transportation constraints and lack of access to every available […]
Service Company Rewards Employees’ Safety Consciousness
Nine Energy Service, Inc., announced in March that Matthew Vick of Marietta, Ohio, and Osbaldo Alcaraz Arana of Enid, Okla., each won a 2019 Ford F-150 XLT truck in Nine’s Truck Giveaway, which celebrates and recognizes employees’ commitment to safety. Thirty employees, each of whom demonstrated outstanding safety track records, qualified for a chance to […]
Mixed Signals Reflect Uncertainty in 2020
In this month’s roundup of news and views, we share some reports that, taken together, reflect the ups and downs, as well as the bullishness/bearishness, that jockeys for influence in the oilfield circa 2020. These are the full versions of the “Drilling Deeper” news items that appeared as abbreviated versions in the print edition of […]
An Industry Looks Ahead
In this month’s roundup of news and views, we share some reports that take an eye to the future. These are the full versions of the “Drilling Deeper” news items that appeared as abbreviated versions in the print edition of PB Oil and Gas Magazine’s March 2020 issue. Fewer Recessions Due to the Shale […]
Drilling Deeper: Change Happens
Conference Takes Aim on Third Year Water is life, someone once said. Water is also the element that unlocks the hydrocarbons in the Permian Basin, and keeps the O&G world turning. Having notched two filled-to-capacity events in their two-year existence, the Permian Basin Water in Energy Conference (PBWIEC) expects its highest attendance ever as it […]
Nothing Persists Except Change
In this month’s roundup of news and views, we share reports that remind us that this Basin is forever in a state of flux. These are the full versions of the “Drilling Deeper” news items that appeared as abbreviated versions in the print edition of PB Oil and Gas Magazine’s December 2019 issue. Gator Expands […]
Drilling Deeper
It’s a New World In this month’s roundup of news and views, we share some headlines that, five years ago, few would have expected to see. But that is how much things have changed since the previous boom cycle. These are the full versions of the “Drilling Deeper” news items that appeared as abbreviated versions […]
Pushing the Frontiers
In this month’s roundup of news and views, we share some progressive views and expansive pronouncements. These are the full versions of the “Drilling Deeper” news items that appeared as abbreviated versions in the print edition of PB Oil and Gas Magazine’s October 2019 issue. Upstream Sector Emerging As Epicenter for Industrial Internet The upstream […]
On the Front End
In this month’s roundup of news and views, we share some firsts and foremosts. The Basin is a fertile ground for superlatives and precedent-setters. These are the full versions of the “Drilling Deeper” news items that appeared as abbreviated versions in the print edition of PB Oil and Gas Magazine’s September 2019 issue. Longest Lateral […]
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