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 […]
Taking the Right Approach
J. Ross Craft, chairman and CEO of Approach Resources, has a career that is intertwined with the storied “career” of the Wolfcamp play. Like Jim Henry before him, who pioneered the Wolfcamp vertical shale play, Craft and his contemporaries have made some “lateral” moves that have changed the landscape. by Jesse Mullins Permian Pure […]
Epstein
PBPA Matters Hearts and Minds MIDLAND, TEXAS—The membership of the Permian Basin Petroleum Association (PBPA) convened at the Petroleum Club in this city on March 22 for its monthly luncheon, where attendees heard keynote speaker Alex Epstein deliver remarks about “the moral case for fossil fuels.” The talk, which is shared below in […]
Standing up for Safety in the Permian
Oil patch safety gets personal for most professionals. By Paul Wiseman Scratch almost any safety professional and you’ll likely find, just under the surface, a horrific work-related tragedy that relentlessly drives everything they do. These images are burned into their psyche with no less force and agony than that of a branding iron searing the […]
Mission: Uncompleted
The number of drilled but uncompleted wells, or DUCs, has been rising steadily for nearly two years. Are costs keeping crews at bay? Are there enough crews to begin with? PBOG asked experts to explain why the backlog of well completions has become the biggest story in well completions. By Tony Burke The land game, […]
The Labor Factor
Skilled labor, or the lack of it, is the ingredient that oil’s prognosticators just don’t include in their thinking. And so the price of crude goes through its gyrations pretty much independent of oil industry realities. by Jesse Mullins It was one of those lunch-table conversations that arise whenever oilfolk gather and the subject turns […]
Turning to the Right
In many ways, the story of drilling is the story of the drill bit. As that device has changed, so has the entire enterprise of making hole. by Bobby Weaver In today’s world the speed and efficiency of drilling oil wells has reached a level undreamed of by early day oilmen. The evolution of […]
Band of Brothers: Top Hand Winners
The Basin’s best family foursome finally gets the recognition they deserve. MIDLAND, TEXAS—This year’s year’s Top Hand Award Banquet honoring the Beal Brothers of BTA Oil Producers fetched hundreds of PBPA members and other individuals representative of Basin energy interests to celebrate the career of four extraordinary man. For our full feature profile of these […]
Machine Learning—a New Frontier in I.T.
By Paul Wiseman It seemed like a great idea at first. There’s all this data being aggregated from thousands of wells—why doesn’t someone set up some parameters for pumps, tanks, pipelines, and anything else that can exude data—then computers can send alarms to alert managers and field personnel any time there’s a problem! Very […]
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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