What’s going on? Less than 4 months ago in early October, WTI was $77/B and some international banks and trading houses said it was going to $100/B! Just over 2 1/2 months later, on the day before Christmas, WTI had fallen to $42/B. The Wall Street Journal kept saying it was all because of a […]
WTI OIL $67/B IN 2019
by Paul Kuklinski [EDITOR’S NOTE: The date above says “Jan. 17,” and that is indeed the date that we posted this content to our website, but the material itself was provided to PB Oil and Gas in mid-December. We did not post this content at that time because, although we receive all of Boston Energy […]
Sponsored Post: Machinery Auctioneers
Massive 2-day Public Auction Simulcasted in Odessa Texas January 29th & 30th. NO BUYERS PREMIUM ON DAY 2 ONLY. Featuring Big Trucks, Trailers, Construction Machinery, Oilfield Equipment, Work Trucks and much more. At this 2 day auction, there will be over 1000 lots for you to choose from. Pre-Bidding NOW OPEN for Day 2. Massive […]
Sands of Time
Care and Grooming of a Frac Sand Mine An acute driver shortage can almost be categorized as infrastructure challenge as well. By Paul Wiseman Reminiscent of the 1889 Oklahoma Land Rush, the 2018 Permian Basin sand rush saw excited investors descend on the Basin, opening approximately 19 new sources of this granular gold. Black Mountain […]
Shifting Sands
In less than 10 years, frac sand sourcing has migrated from Wisconsin/Illinois to Brady to local basins, and cut fracturing costs by millions in the process. Meanwhile, expect another sand boom. By Paul Wiseman While hydraulic fracturing traces its roots as far back as 1947 with Stanolind Oil and Gas engineer Floyd Farris’s unsuccessful trial, […]
Basin Oilman by Choice
George H.W. Bush took his family and his fresh Yale degree and spurned the hoity-toity of the blueblood, patrician Eastern seaboard life he knew, to plunge himself into the redblooded, gritty, bootstrap worklife of the Permian Basin. Official portrait of the 41st U.S. President There may never be another American president with closer personal ties […]
New Milestones and Fresh Starts
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 […]
Gray Skies, Sunny Mood
Those words were the theme of the 2018 Permian Basin International Oil Show, and they summed up the mood nicely. By Jesse Mullins ODESSA, TEXAS—For three full days—the entire run of the 2018 Permian Basin International Oil Show—the rains fell and the drizzle drizzled and the mists mystified. Such was the weather that huge crowds […]
Old School: The Service Sector Knows What Works
The oil price uptick of the past year or more, welcome as it was, has been slow to penetrate labor-intensive sectors like oilfield service. By Paul Wiseman “Prices back five years ago, six years ago were decent on the pulling unit side, but they went way down and they haven’t come up to where they […]
Maker’s Marks
At places like ADS (Air Drilling Solutions) and Henry Pumps—manufacturing kinds of places—the race is to the swift and the battle is to the strong. If, that is, we think of “swift” as streamlined and “strong” as adaptable. By Paul Wiseman How does a Scottish Highlander end up in Midland, Texas, presiding over a company […]
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