AI as a concept is way past its sweet sixteen, but only in recent years has it become confident enough to learn to drive. Sooner than later it will be fully licensed and out on the streets. It’s the same in the Oil Patch, say experts. Companies are relying on AI for more and more […]
State of the Energy Markets and the Permian Basin
A keynote address by Bobby Tudor, chairman, Tudor, Pickering, Holt, and Company What follows below is the text (with slides) of Bobby Tudor’s keynote address to the Permian Basin Petroleum Association membership in its virtual (online) Annual Meeting held on Oct. 1, 2020. This transcript is presented minus a minute or so of his opening […]
Where to From Here?
Everything pivots on commodity pricing. The price of oil or natgas drives not just the E&P sector but the services sector as well. So what’s the story with prices? Come Oct. 1 we’ll tell you all about it–online. What’s Affecting Oil Prices This Week? During this year the oil market has seen Brent crude spot […]
Reducing Water Transfer Costs at Remote Fracking Sites with Open Secure Automation
Fracking uses highly pressurized water, mud and sand to fracture shale until it releases the oil or gas trapped within its layers. Ensuring a continuous supply of the millions of gallons of water needed for this operation is a logistical challenge that is vital to wellsite cost control and profitability. Meeting this challenge has been […]
Opinion: Basin O&G Weathers Opposing Sentiments
Was there ever a more schizophrenic year for oil and gas? The tumults of 2020 have kept markets in disarray and left analysts and observers divided. Opposing forces keep tugging at the industry, hindering any straight-line improvement. On one side, there is the Environmental, Social, and Governance (ESG) movement, with its emphasis on what it […]
Where Will Crude Prices Go From Here?
Two competing narratives dominate the talk today where crude oil prospects are concerned. There is the break-your-spirits pessimism parroted by the Covid-crisis crowd, beating their drumbeat of disaster. For them, the lockdowns ought be locked in a year or more at a crack. Then there is the bullishness of the glass-half-full crowd, finding positivity in […]
Crude Prices: When Will the Upturn Turn Up?
In an article posted this week entitled, “Oil Rebounds with Economic Data Outweighing Virus Resurgence,” Bloomberg’s Hailey Waller and Grant Smith set forth some much-needed positive news for the oil and gas industry. It’s the question that is on everyone’s minds. When will the price of crude oil rise to a level that can sustain […]
This is NOT the 1980s
Oil production costs are down sharply in Texas in recent years, but they are not yet at a level to maintain viability given current prices and uncertainty. As a result, significant disruptions in oil production areas are occurring. The industry initiated a rapid shutdown of drilling activity, which rippled through an enormous supply chain and […]
Brighter Days Ahead
In 2020, oil and gas has gotten a bum rap. Even in an industry that has almost always had to buck an unfairly negative sentiment from media and from certain special interests, oil and gas has taken a beating in 2020. In the past year or more, the financial markets have added their voices to […]
Where Will All the Water Go?
As operators in the Permian and elsewhere across the United States and around the world announce capex cuts of 50 percent or more, drilling rigs are stacking up like dry bones in the valley. A two-thirds (so far) reduction in drilling means a similar cut in frac’ing. Saltwater disposal wells (SWDs) and their attached pipelines […]
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