Generating income, compressing challenges, and pumping profits in a downturn: reflections on the engines of the oil patch and how they’ve moved rivers of product. By Paul Wiseman The old business adage, “It takes money to make money” could be adapted for the oil patch as, “It takes energy to produce energy.” And […]
Muddying the Waters
Our intrepid reporter takes a deep dive into the invention of drilling mud, a staple that would forever change the fortunes of the oil and gas industry. by Bobby Weaver In today’s oil patch, the use of the drilling fluid called “mud” as an integral part of the drilling process is a foregone […]
Space Recon
Emiliano Kargieman has big plans for Satellogic that involve launching a constellation of 300 satellites, and the Permian Basin could be a primary benefactor. Al Pickett, special contributor When I was a youngster, I remember visiting my grandfather on his farm and seeing a plane flying low over a pasture near his house. He […]
The Hands-Off Approach
by Paul Wiseman The integration of man and machine has fired the imaginations of science fiction writers for over a century, promoting both wonder and fear. Now, automation is changing the landscape of the oilfield, allowing the click of a mouse or a thumb on a touchscreen to start or stop pumps, sort data, […]
All in a Day’s Haul
by Hanaba Munn Welch By another name, highways are arteries. The truck traffic that flows over them is the lifeblood of the economy, carrying goods and services in every direction. When the big rigs are rolling across America, the economy is rolling too. Trains and planes and barges also carry the stuff of […]
Coping with Crisis
By Paul Wiseman There are many degrees of outsourcing, from using a service to vet and hire employees for the end user, to sending all work for a department such as Human Resources to another company. Some of those are doing better than others in this economy. Companies who handle the outsourcing of HR […]
Crossroads
New Mexico, reeling from the hard knocks of 2014-2016, takes stock of its current O&G industry and awaits—and readies for—the politics yet to unfold. by Tony Burke The Permian Basin is large. It stretches approximately 200 miles wide and 300 miles longitudinally. The basin rests, substantially, beneath two states. The grand industry […]
Broadened Horizons: WTI Crude’s Comeuppance
Observers expound on what the recent lifting of the crude oil export ban could mean to the U.S. energy climate. Julie Anderson On Dec. 18, 2015, the United States of America lifted a 40-year-old ban on exporting crude oil, put in place in 1975 in response to the Arab oil embargo. While the […]
Adaptation, Diversification & Hunting
Oilfield service companies come in all shapes and sizes. While competition is most certainly fierce, it may also be fair to say that no two service companies are exactly alike. They are far-ranging in size, in scope, and in their offerings. Separate from active drilling operations, but practically indispensible to the practice of drilling, service […]
The M&A Delay
Thoughts on when and where to look for Big Deals in the Basin. by J. Chase Beakley Common sense would suggest that as the icy fingers of debt grow longer and oil prices continue to drag, mergers and acquisitions cannot be far behind. Larger companies with greater stability should use this opportunity to buy […]
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