In this month’s assemblage of articles, the idea of “getting pointed in the right direction” could be thought of as a unifying thread. These are the full versions of the “Drilling Deeper” news items that appeared as abbreviated versions in the print edition of PBOG’s January 2019 issue. NatGas Prices to Stay Low Natural gas […]
Overturned Expectations
Sometimes the expected result is not what we get. That’s how the word “disruptive” entered the business world’s vocabulary. And overturned expectations go beyond matters of technology. In this month’s assemblage of articles, the idea of “things taking a turn” could be thought of as a unifying thread. These are the full versions of the […]
Spudding In
Recollections of the old “Fort Worth Spudder” and other early-day portable drilling machines. by Bobby Weaver Probably the most recognizable imagery related to the oil field is a towering derrick. That was especially true in the early days of the industry, when it was not uncommon to see a veritable forest of those derricks clustered […]
Silver Linings
ExxonMobil’s XTO Gives $50K to NMJC With oil prices on the rise and the industry booming, the need for a skilled and specialized workforce is greater than ever. New Mexico Junior College, based in Hobbs, N.M., has partnered with ExxonMobil subsidiary XTO Energy to prepare and train students as potential employees for the energy industry. XTO […]
Tooling Up
The oil tools sector relies on old school and new tech to ride the Permian wave. By Paul Wiseman How do you mix new technology with old-school values to stay abreast of customers’ ever-changing operations? This sharing of knowledge boosts teamwork in ways not possible before. Two Permian-based downhole tools companies are using different approaches […]
Byword for 2019 and Beyond: Be Prepared
Prepping Your Company for the O&G Upswing: IFS The oil and gas industry has a tendency to boom or bust, with price driven by a number of factors—from government intervention and regulation to geographic demand variation. Chuck Rathmann, Senior Marketing Communications Evangelist, North America, at IFS, looks at how operational intelligence is helping organizations profitably manage […]
Charting Performances
Permian Break-Even: As Low as $22 a Barrel During the last three years, companies operating in the Permian Basin have drilled much longer laterals and used substantially more complex well completion design in their newer wells with the aim of reaching higher initial production (IP) rates. Well lateral lengths in the Permian have increased in […]
Pushing Frontiers
Producing Pipe at the Well Milford, an EPC corporation headquartered in Midland, has announced a strategic partnership and distribution agreement with Tubi USA Inc., a HDPE pipe manufacturer with a patented mobile production system. As Marcello Russo, Tubi founder and CEO, commented, “Our production system has proven itself on projects in Australia and New Zealand […]
Staying the Course
Technology on Parade On April 12, in Midland, Weatherford International welcomed customers, employees, and students as well to see and hear about cutting-edge technologies that the services firm is employing in the Permian Basin. The Petroleum Museum was the venue for the two-day event. Weatherford CEO Mark A. McCollum was on hand, as well as […]
Looking Ahead—and Behind
Lower Brent/Cushing Premium Hasn’t Hurt Exports/Brent/Houston Relationship More Important by Sandy Fielden, Director, Oil and Products Research, Morningstar Commodities Research Exports Remain Buoyant The premium of international benchmark Brent crude to its U.S. counterpart West Texas Intermediate (WTI) delivered to Cushing, Okla., has narrowed nearly 50 percent this year even as outright crude prices reached […]
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