In this week’s miscellany of articles, we see how different faces of the industry are adapting to changes in their world. These are the full versions of the “Drilling Deeper” news items that appeared as abbreviated versions in the print edition of PBOG’s April 2016 issue. Leaders Outline Path in Changing Landscape This year’s […]
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 […]
The Broader Picture: Reports from EIA, PIRA, and Platts
Where we share some O&G news from beyond the Permian’s borders—news that, in some way, touches the Basin. EIA Feb. 25 Despite lower crude oil prices, EIA expects Canadian oil production to continue increasing through 2017. Canadian oil sands projects that were already under construction when prices began to fall in 2014 and that […]
New And Noteworthy
Fresh offerings of products and services for the oil and gas set. Keytroller unveils state-of-the-art affordable remote equipment monitoring Countless companies are faced with the real and often costly predicament of how to monitor and track the location of their equipment in remote jobsites. Solving this issue, Keytroller, a designer, manufacturer, and supplier of […]
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 […]
New And Noteworthy
Fresh offerings of products and services for the oil and gas set. You Load 60 Tons? What Do You Get? You get this hook. Expanding its line of high-quality, forged rigging hooks, Columbus McKinnon Corporation (NASDAQ:CMCO), a leading designer, manufacturer and marketer of material handling products, now offers high-capacity rigging hooks with capacities ranging […]
Drilling Deeper: Mixed Bag
In this month’s miscellany of articles, “doom and gloom” largely holds sway, chased with the always-bittersweet implications of acquisition news. The Corn-Fed Albatross Called Ethanol In this excerpt from the Jan. 6 edition of The Wall Street Journal, Institute for Policy Intervention’s Dr. Merrill Matthews pointed out that if a presidential candidate opposed to […]
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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