The US land market is vast and complex, with hundreds of operators looking to overcome operational challenges as margins grow ever-tighter. SLB’s Chad Peterson, Managing Director for US Land, and Gbubemi Bafor, Division Manager of Digital & Integration for US Land, explain how Optimized E&P Solutions give independent US operators cost-effective access to powerful workflows […]
Proud to Be an American
Well, at the writing of this article, the Permian Basin, specifically Midland and Odessa, are still abuzz with the excitement of a Presidential visit. From those who lined the Airport perimeter fence to catch a glimpse of Airforce One’s arrival, to those who lined the streets of Odessa to see the impressive motorcade of black […]
There’s Green in “Clean”
With ESG becoming the new EBITDA in the eyes of stockholders and investors, environmental companies—as the “E” in ESG—are finding more interest in their services. That’s helping them somewhat in weathering what is becoming the “Year of the Black Swan,” 2020. Others are combining that with creative ways to leverage accumulated data to improve services […]
To Celebrate an Incredible Achievement
Stepping to the podium at a wellsite just outside Midland operated by Double Eagle Energy, President Donald Trump on July 29 opened his address with these words: “I really am thrilled to be here in Midland, Texas, with the extraordinary men and women of Double Eagle Energy… [applause] and what a nice welcome. Thank you […]
Adapting to a New Digital Normal
While we all continue to address ongoing Covid-19 challenges, the Permian Basin Petroleum Association has been developing new and innovative methods to engage with our members as we advocate on behalf of operators and Permian Basin communities. While surely not our preference, PBPA has had to make informed decisions that protect the health of our […]
How the Workforce Shapes Up
What’s it like working in the environment of 2020 and possibly beyond? In 1972 the Rolling Stones issued an album called Exile on Main Street, with a song called “Ventilator Blues.” Its chorus varies, but the first time through it says: Ain’t nobody slowing down no way Everybody’s stepping on their accelerator Don’t matter where […]
Safety: Let’s Have a Meeting!
Greetings and salutations! It is my sincere hope that by the time this edition hits the press that the price of oil has crept back up and everyone has started ramping back up! Between the coronavirus, the quarantine, riots, and the Saudis and Russians seeing who can drop the prices the fastest, it has been […]
Changing with the Times
The decade of 2010 opened to a “black gold rush” built upon horizontal drilling and hydraulic fracturing, drawing in a flood of investment money of all kinds. Investors dreamed of funding an unlimited Christmas list for producers and service companies alike, asking only that the list be used to expand the company so it could […]
Baker Hughes: Permian Basin adds rigs for first time since March
Permian Basin added rigs last week for the first time since March to break a streak of 18 consecutive weeks with declining rig counts. Permian added 2 rigs for a new total of 126 (443 year ago). According to Baker Hughes, as of July 24, Texas idled 1 rig for a new total of 103 […]
Rystad Energy: Permian leads increased hydraulic fracturing activity
Oslo-based Rystad Energy said July 23 its analysis shows that new hydraulic fracturing operations in the U.S., which fell to a low of 325 wells in June during the coronavirus pandemic, are expected to return to above 400 in July. “Recovery will be especially evident in the Permian Basin,” Rystad said, “where activity has nearly […]
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