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 […]
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 […]
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 […]
Pipe: It Touches Everything
By Paul Wiseman “Instead of being focused on the drilling side, we’re very much focused on the production side,” says Ron Underwood, president and founder of R&D Pipe. The company is based near Houston, selling pipe throughout the Gulf Coast as well as in the Permian Basin. The flood of drilling rigs in the […]
The Down and Dirty of Dirt Work
by Hanaba Munn Welch Nothing beats good dirt work to get a drilling project off to a smooth start—not just a proper pad for the rig(s) and a pit for fluids and level ground for tanks and other equipment but also a road to carry heavy traffic to and from the location. Getting it […]
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 […]
A Sporting Chance
There were no guarantees and no safety nets when Debi Sport Moore assayed, in mid-career, to build a business of her own. But she took her chance and made something of it. Today Sport Environmental Services is setting a standard for what it means to be an environmental services firm. By Al Pickett, Special Contributor […]
Water, Water Everywhere in the Permian
This approaching flood will require water treatment instead of an ark. by Paul Wiseman Grizzled veterans of the Oil Patch have a saying that goes something like this: “We produce mostly water and a little bit of oil.” In the days of vertical wells and falling production that issue was not a problem. Scattered […]
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