The number of drilled but uncompleted wells, or DUCs, has been rising steadily for nearly two years. Are costs keeping crews at bay? Are there enough crews to begin with? PBOG asked experts to explain why the backlog of well completions has become the biggest story in well completions. By Tony Burke The land game, […]
The Labor Factor
Skilled labor, or the lack of it, is the ingredient that oil’s prognosticators just don’t include in their thinking. And so the price of crude goes through its gyrations pretty much independent of oil industry realities. by Jesse Mullins It was one of those lunch-table conversations that arise whenever oilfolk gather and the subject turns […]
Turning to the Right
In many ways, the story of drilling is the story of the drill bit. As that device has changed, so has the entire enterprise of making hole. by Bobby Weaver In today’s world the speed and efficiency of drilling oil wells has reached a level undreamed of by early day oilmen. The evolution of […]
Band of Brothers: Top Hand Winners
The Basin’s best family foursome finally gets the recognition they deserve. MIDLAND, TEXAS—This year’s year’s Top Hand Award Banquet honoring the Beal Brothers of BTA Oil Producers fetched hundreds of PBPA members and other individuals representative of Basin energy interests to celebrate the career of four extraordinary man. For our full feature profile of these […]
Machine Learning—a New Frontier in I.T.
By Paul Wiseman It seemed like a great idea at first. There’s all this data being aggregated from thousands of wells—why doesn’t someone set up some parameters for pumps, tanks, pipelines, and anything else that can exude data—then computers can send alarms to alert managers and field personnel any time there’s a problem! Very […]
Looking Ahead—and Behind
Lower Brent/Cushing Premium Hasn’t Hurt Exports/Brent/Houston Relationship More Important by Sandy Fielden, Director, Oil and Products Research, Morningstar Commodities Research Exports Remain Buoyant The premium of international benchmark Brent crude to its U.S. counterpart West Texas Intermediate (WTI) delivered to Cushing, Okla., has narrowed nearly 50 percent this year even as outright crude prices reached […]
The Wall of Water
The rapidly developing water midstream sector promises a “wall of water” for producers. This expanding midstream sector replaces truck trips with more efficient hub-and-spoke gathering and distribution systems. For waters break forth in the wilderness, and streams in the desert; Isaiah 35:6, ESV “We are modern day alchemists,” says Wolfcamp Water Partners CEO Toby Darden. […]
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 […]
IIoT Meets O&G
Can technology make $20 oil profitable? Technology-based improvements in time efficiency have already made oil production at least sustainable at $50 per barrel. Could further improvements drop the break-even level to even lower prices? Firms who are leaping forward to fully embrace oilfield technology—both providers and end-users—point out that the “old ways” of doing […]
Drilling Deeper: Ring in the New
In this month’s miscellany of articles, the theme of newness might be the tie that binds. These are the full versions of the “Drilling Deeper” news items that appeared as abbreviated versions in the print edition of PBOG’s January 2018 issue. Weir Erects Service Center Fort Worth-based Weir Oil and Gas broke ground in […]
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