When he died at age 100—40 years ago this year—he was the last of the Spindletop oil pioneers. Curtis G. Hamill was a driller on the 1901 discovery well that launched the Texas oil industry. As his obituary stated, Hamill was standing on a derrick platform 40 feet off the ground Jan. 10, 1901, when […]
Future Oil Price Road Map
Oil Price Stability: Fragile Barring a geopolitical event, latest data indicates a market balance will endure in coming months, keeping oil prices near current levels. Long term, the bias is higher, with growing evidence a supply gap will emerge before 2025. by Paul Kuklinski WTI crude is $67/B, compared to a 1H18 average just over […]
Last Splash of the Summer: DO IT
While it may still be sultry summertime, there are refreshing getaways for those who know where to look. Reeves County this year’s hot spot of hot spots for drilling and completion activity—holds one such retreat. Balmorhea State Park, in Toyahville, is home to one of the largest (1/3 acre) manmade pools in the world. […]
Automation Gets in Gear
The steps-saving discipline that is automation keeps expanding its realm. From a service company’s back office to a producer’s onsite operations to injection chemicals at remote locations—and far beyond—automation continues to spread its ability to streamline and inform oil patch operations. Innovators in those three areas share their expertise. By Paul Wiseman Transparency and Accountability […]
Carbon Black: The Overlooked Commodity
Wherever Wheels are Rolling… on ice or mud or snow… the name that’s known is carbon black. Where the rubber meets the road. Just another essential product brought to the world by the fine folks in oil and gas. There are places in West Texas, especially areas in close proximity to gasoline refineries, where you […]
Digging Into The Dug, Part 2
It was sand, water, logistics, services, and completion technology as the second full day of the DUG Permian Basin Conference brought the event to a conclusion. The two days in Fort Worth were an immersion course in Basin basics. By Jesse Mullins | Photography by Tom Fox Last month we shared the messages of Day […]
Drilling Deeper: Charting Performances
In this month’s miscellany of articles, the idea of beating the benchmarks could be considered 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 August 2018 issue. Permian Break-Even: As Low as $22 a Barrel During the last three […]
Boston Energy Research: Future Oil Price Road Map
Monthly Future Oil Price Road Map by Paul Kuklinski July 12, 2018 Timing Differences Impacting Oil Price Psychology The recent peak in oil prices reflected the anticipated loss of supply from Libya, Iran, and Venezuela, downtime in Canada, and looming pipeline bottlenecks in the Permian Basin. But future supply is being augmented by the response […]
Driven to Succeed
Basin-area trucking firms face a shortage of trained drivers. Like, 3,000 drivers. “We noticed, with this [recent] downturn, that a lot of the drivers that left—they haven’t come back,” said Endeavor Energy Services’ Trucking Division General Manager Patrick Martinez. By Paul Wiseman “We noticed, with this [recent] downturn, that a lot of the drivers […]
Digging into the DUG
The 2018 DUG Permian Conference delivered a primer on what it takes to be successful in the Basin. FORT WORTH, TEXAS—The DUG Permian Conference, an annual event, fetched top Basin executives and other decision makers to this fine city for what turned out to be an eye-opening exploration of the fast-changing landscape that is the […]
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