By Paul Wiseman The wild swings of pricing in the oil and gas sector have brought turmoil to every part of that business, and equipment leasing is no exception. When drilling slows down, drillers need less equipment. So it goes for equipment companies like Gravity as well as those providing housing, such as Stellar Oilfield […]
Conducting a Human Resource (HR) Audit
The best HR audits are the ones you control. The worst are those prompted by a letter from a government agency. Clean up one issue at a time while there is still time. All organizations need a major HR audit every few years and an annual review to ensure that the policies and procedures comply […]
Coming: The Year of Natural Gas
For decades natural gas was more of a nuisance than a blessing in the Permian Basin, where oil, specifically, was the economic engine of the region. Oil still is king, but natural gas is starting to flex some serious economic muscle these days, due to ripple effects from world events. This competition is creating its […]
The Future of the Permian Basin Remains Bright
We are so thankful for all of you that joined us in Midland last month to participate in our 60th Annual Meeting. We are so proud that for so many years, our humble Association has worked diligently to support the safe and responsible development of our region’s natural resources and all of your work and […]
Pipe Goes High Tech
One wouldn’t think that something as simple as a cylinder would offer many prospects for innovation. But one would be wrong. The metal cylinder known as pipe has attracted a wave of innovation and sophistication in the shale era. Oilfield pipe, commonly described as “oil country tubular goods, or OCTG, falls into four categories: drill […]
Always Count the Cost
Greetings fellow readers. After three years of writing for this publication, I feel compelled to repeat my story as to how I came to value safety, offering it as a point of reference for those still inclined to resist or ballyhoo safety. Let me say right off, I started in the oilfield (as a roughneck) […]
See a Need, Fill a Need
After decades of resisting change, the oil patch in recent years has begun to embrace—and even seek out—new technologies that reduce overhead, boost efficiencies, and improve production, among other things, at least some of the time. One Houston company has recently purchased a developing technology it hopes will reduce flaring in the Permian and elsewhere […]
Evaluating Evaluations
If you cannot measure it, you cannot manage it. Thank you, Peter Drucker. October is the month to get ready for annual performance reviews. I wholeheartedly recommend evaluating the staff throughout the year with informal walkthroughs, supportive emails, and verbal or written corrective coaching to improve performance. The annual review should never be a surprise to […]
Taking Flight
The mention of aerial imagery usually brings visions of drones, and that is certainly a big part of the mix. Additionally, companies like Ft. Worth-based Prius Intelli are using manned, fixed-wing flights to quickly cover wider areas and collect more data than is afforded by just visual images. With regulators clamping down on greenhouse gas […]
How to Optimize Production Strategies for US Basins
Q&A: Customizing Optimal Production Strategies for US Basins The US land market is vast and complex, with hundreds of operators looking to overcome operational challenges as margins grow ever-tighter. Schlumberger’s Chad Peterson, Managing Director for US Land, and Oritsegbubemi Bafor, Division Manager of Digital & Integration for US Land, explain how Optimized E&P Solutions give […]
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