The oil tools sector relies on old school and new tech to ride the Permian wave. By Paul Wiseman How do you mix new technology with old-school values to stay abreast of customers’ ever-changing operations? This sharing of knowledge boosts teamwork in ways not possible before. Two Permian-based downhole tools companies are using different approaches […]
Future Oil Price Road Map
Oil Price Stability: Fragile Barring a geopolitical event, latest data indicates a market balance will endure in coming months, keeping oil prices near current levels. Long term, the bias is higher, with growing evidence a supply gap will emerge before 2025. by Paul Kuklinski WTI crude is $67/B, compared to a 1H18 average just over […]
Carbon Black: The Overlooked Commodity
Wherever Wheels are Rolling… on ice or mud or snow… the name that’s known is carbon black. Where the rubber meets the road. Just another essential product brought to the world by the fine folks in oil and gas. There are places in West Texas, especially areas in close proximity to gasoline refineries, where you […]
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 […]
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 […]
Lighter Than Air: A History of the Helium Industry in the Permian
by Bobby Weaver The oil and gas industry produces many products ranging from fuel to plastics, but few are aware that the extraction of rare gases are an important, albeit a small, part of that activity. Perhaps the most important of those gases is helium. When the term helium is mentioned, the vision that comes […]
Oil Patch Tales: Bait and Switch
by Bobby Weaver Some people, usually of the male gender, just plain like to fight. That is especially true of oil field hands. Now myself, I never was much of a hand at fisticuffs. For one thing I was a tad small for the activity and besides my threshold for pain was always […]
Back In The Day: Telling a Story
Telling a Story The fine photography collected, as well as (often) shot, by oilfield photographer Mitch Mayborn in middle-to-later 20th Century, working for Drilling Magazine, holds up as documentary imagery of that day, and as a nice primer to the various components of the patch.
HRIQ: Oil and Gas Technology and Labor
by Bill Price Technology has dramatically changed the oil and gas industry in the last decade. We know the effect of enhanced oil extraction on production but this was only possible through the introduction of sophisticated technology. The energy industry has become less labor intensive, as is true of most industries. The industry has experienced […]
Company Town
There are stories aplenty of “company towns” built by oil companies in oil’s early 20th century heyday, but no company town fit the mold better than a Basin town, Texon, that endured for generations. by Bobby Weaver Back in 1955 Tennessee Ernie Ford had a hit song entitled “Sixteen Tons” concerning the travails of a […]
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