America has not fully grasped what has happened in the hinterlands of domestic energy, where old fashioned American ingenuity has achieved one of its greatest triumphs. In our first installment, we took up the idea that it wasn’t the major oil companies who re-invented the oil and gas industry—it was the independents, mainly in the […]
The Essential Element
Water, the universal solvent, the element that puts the “hydraulic” in hydraulic fracturing—this force of nature that also is a force that drives oil and gas exploration and production—is the hottest commodity in the industry. The No. 1 issue facing the Permian Basin today is not jobs or the economy. It is water. With drought […]
The Hands-Off Approach
Automation and remote monitoring are redefining the industry. As David Savells remarked, there is a saying in the oil and gas industry that “there is no way to recover lost production.” “If you lose two or three days of production, there is no way to make it up,” he observed. “That is why it […]
Economic Summit
The numbers out of Texas tell a story of economic prosperity. Number One exporting state. Extremely low unemployment rate. A leader in oil and gas production. In a presentation where seldom was heard a discouraging word, about the only washout was the state’s 40-year low in the numbers of cattle—a decline attributable to the extended […]
The Cline Beckons
Those living on the far eastern side of the Permian Basin have watched with interest as activity has surged in recent years with the development of the vertical, multi-zone Wolfberry play in the heart of the Basin. With the Midland-Odessa area enjoying remarkable growth, cities on the eastern shelf of the Permian Basin, such as […]
Everyone Wins: Area oil and gas company employees find satisfaction and purpose in donating their time and resources to worthwhile local causes.
“We live here. We make a living here. We need to give back to the community.” With those words Alan Means summarized the attitude and philosophy of many companies located in the Permian Basin. Some firms raise money to help numerous nonprofit organizations. Others send employees to volunteer their time and expertise. And other […]
Join Us in Midland: 3rd Annual Burmass Tools of the Trade Exposition
Burmass Tools Of The Trade Conference & Exposition Registration is open for the 3rd Annual Burmass Tools of the Trade. Click Here to Pre-Register to Attend – Free Admission Now Through January 31st, 2013 — ($10.00 After) Register as an Exhibitor Click Here View our Sponsorship Opportunities Click Here February 28 – March 1, 2013 […]
A Stimulated Industry
Sometime in the midst of the three-day extravaganza known as the Permian Basin International Oil and Gas Show, the question arose, among a small circle of attendees, as to what exhibits or trends were the most impactful or talked-about among the hundreds on display. And while this discussion was entirely informal and non-scientific, the […]
Software Solutions
No more looking at paper maps or driving long distances to check wells. No longer does someone have to guess what is going on down the hole or manually determine what each phase of a well costs. In this advanced age of technology, energy companies cannot operate efficiently (or at all) without the latest advances […]
Pipe Dreams
As production increases in the Permian Basin, there is a second-stage challenge to the push to ensure success in the crude oil boom in West Texas and southeastern New Mexico: takeaway capacity. Producers need to get their crude oil to refiners at the highest possible price with the least expensive transportation costs. Tulsa-based Magellan […]
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