Contemplating the present and future of Chinese foreign direct investment in Texas by J. Chase Beakley As the commodity price drought lengthened, it became clear that a substantial decline in willing capital would have a profound effect on the Texas oil industry. Some believed an outbreak of M&A might save struggling companies, but for […]
Plugging into the IIOT
Automation systems offer great control and economy, along with massive data opportunities. By Paul Wiseman In the I Love Lucy episode entitled “Job Switching,” Lucy and Ethel take jobs on a production line at a candy factory. In what is one of the funniest “golden age” television scenes ever aired, we see the […]
Addition By Extension
Bruce Kaiser likes what he’s found in these parts. That’s why, after 30 years, Lightning Masters is opening a physical location in the Basin. by Paul Wiseman Long distance relationships are always a challenge. Since 1984, Lightning Masters personnel have faithfully maintained that relationship between the company’s Clearwater, Fla., headquarters and their widespread customer […]
Drilling Deeper: Wait, What’s the WTI, Again?
In this week’s miscellany of articles we are all rah-rah for WTI and frac’ing, forging new partnerships, and discussing team building and customer service, among other things. Are we out of the woods yet? Maybe not, but we’re still rather chipper at the moment. These are the full versions of the “Drilling Deeper” news items […]
A Factoring Primer
By J. Chase Beakley You might know everything there is to know about hauling frac sand, welding, or tank cleaning but if you can’t make sure that your customers’ pay schedules align with your own, then you won’t be able to keep your doors open, no matter how profitable your core business might […]
The Broader Picture
Wherein we share some O&G news from beyond the Permian’s borders—news that, in some way, touches the Basin. Energy Information Administration (EIA) June 29 Favorable investment terms led to Colombia’s crude oil production doubling within the past 10 years, reaching 1 million barrels per day (b/d) in 2013. However, the drop in global crude […]
New and Noteworthy: August 2016
Fresh offerings of products and services for the oil and gas set. Free Electronic Field Ticket Phoenix DAS has introduced a free version of their mobile electronic field ticketing application. The free OpenTicket module allows service companies to replace paper-based field tickets, enhancing workflow in the field, improving the accuracy of information, and decreasing […]
New And Noteworthy: July 2016
Fresh offerings of products and services for the oil and gas set. ER Wireless Transmitter for Tank Corrosion Monitoring The new Cosasco ER 300 Series Wireless Transmitter allows easy, affordable upgrade of oil, fuel, or chemical storage tank corrosion monitors to fully automated data collection systems. Corrosion in oil, fuel, and chemical storage tanks […]
Is Seismic Stimulation the Answer for Enhanced Oil Recovery (EOR) in the Permian Basin?
By Rick Adams, Senior District Engineer, Energen Resources Corp., and Bill Wooden, Applied Seismic Research Corp. (ASR) In August 2007, Energen Resources began to explore use of a new technology called “Seismic Stimulation” that improves oil production by providing energy to allow coalescence of the immobile oil droplets into mobilized oil. At the […]
The Broader Picture: July 2016
Where we share some O&G news from beyond the Permian’s borders—news that, in some way, touches the Basin. Energy Information Administration (EIA) May 23 The United States remained the world’s top producer of petroleum and natural gas hydrocarbons in 2015, according to U.S. Energy Information Administration estimates. U.S. petroleum and natural gas production first […]