September 2018 Exclusive Story
Technologies Reduce Drilling NPT, Tool Failures
Permian Power... Marketing Might
2018 Permian Basin International Oil Show
and its Official Program Guide
The entire world is watching the Permian Basin, the undisputed heavyweight of global super basins. Spanning some 90,000 square miles with its wealth of stacked-pay horizons in the Delaware and Midland sub-basins, the Permian is the catalyst of increased U.S. production and stepped-up capital investments.
West Texas exemplifies a U.S. energy industry in all-out motion. Permian oil production has jumped more than
2 million barrels a day within only five years, while natural gas production is at a record clip. But as good as the Basin has been to operators, the Permian success story is about the future. Estimated ultimate recoverable oil resources have grown by nearly 300 percent to more than 100 billion barrels. Nothing else in the world comes close.
The list of established Permian players reads like a who’s who in U.S. resource plays, from the likes of Apache and Pioneer, to Concho and Diamondback, and to ExxonMobil and Oxy. At the same time, the vast potential of the Permian is accelerating the industry-wide rejuvenation. Deep private equity pockets have new operators and service firms coming on stream, complete with industry veterans and bright new talent.
The geologic treasure trove of tight oil reservoirs within the basin’s stacked-pay strata provides a seemingly countless set of horizontal drilling opportunities. Case in point: The Permian accounts for more than 50 percent of active U.S. oil rigs and nearly 40 percent of total proppant demand. The Permian is the ultimate growth market for oil field services and supplies–from geophysical services to perforating and fracturing equipment, and from oil country tubulars to cryogenic processing plants. Representing all facets of the upstream, midstream and downstream sectors, PBIOS brings tens of thousands of professionals from all segments of the industry to the Ector County Coliseum and Show Grounds, Oct. 16-18, in Odessa.
The American Oil & Gas Reporter’s Official PBIOS Program includes exhibitor and product/service listings, showground maps, and a special editorial section about the latest resource play technology and activity. Published as a separate issue in October, it mails to AOGR’s full monthly distribution and is exclusively hand-presented at the show gates. That’s why the 2018 PBIOS and the AOGR Official Program represent a hand-in-glove marketing combination that can’t be beat!