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 […]
Quantitative Easing and the Texas Oil Boom
How monetary policy pushed the industry over the edge. by Chase Beakley The Permian Basin has been inextricably tied to the global oil market since its inception, and although every warm body in the Basin knows this, there remains a feeling that the forces controlling their lives remain just beyond their understanding. And in […]
Plumbing the Depths
By Paul Wiseman Since the downturn began in earnest in early 2015, it seems service companies have been falling like a long row of dominoes. It seems those with the worst balance sheets began falling right away, with others following helplessly along the way. What characterizes those still standing? For companies like Cudd Energy […]
Help Along the Way
Julie Anderson During this seemingly long season of uncertainty, those in most every facet of the oil industry have been forced to analyze practices to determine whether or not what worked during prosperity will still work during scarcity. Changes have been made on all levels, from scaled-down activity to shrinking inventory to reduction of […]
Resiliency for Rent
by J. Chase Beakley To make a living renting equipment in the Permian Basin, you have to be flexible. Companies that are too slow to mobilize their fleets when business is booming will get elbowed out of the industry, and when things slow down they have to help their customers find ways to save […]
Pit-less in the Permian
Closed-loop drilling fluids systems shrink industry footprint. By Julie Anderson Perhaps it’s time to change the conversation, at least for a bit. There’s no denying the volatility, uncertainty, and gravity of declining oil prices, especially when it results in job loss. With that said, how about taking a look at the landscape in […]
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