• August 18, 2019

Oil show comes to close - Odessa American: Oil News

Oil show comes to close

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Posted: Friday, October 19, 2018 5:30 am

The Permian Basin International Oil Show has come and gone once again, and despite the rainy weather, officials are calling the show a success.

From Tuesday through Thursday, oil and gas workers from around the world gathered at the Ector County Coliseum to see what was new in their industry and establish new connections. Throughout that period, a mass of gray clouds hung over the Permian Basin, bringing with it cold and rain, but it wasn’t enough to dwindle down attendance, PBIOS Executive Director Tony Fry said.

“This is the first one I can remember where we’ve had three days of rain all the way through,” Fry said. “The exhibitors outside has to deal with the weather, which wasn’t very great, but I haven’t really talked to anybody that’s mad.”

While it will take a few weeks to approximate an attendance for the show, Fry said it looks like it will be at about 30,000 attendees, around the same as the show in 2016.

“But one of the comments from so many of our exhibitors is the people that were here, all the people coming in, they were genuinely interested in the products and services being held out here,” Fry said.

There was a low amount of general public attendees at the show, Fry said, which they try to keep out anyway. Many of the attendees, he said, were oil workers looking for sales leads and ways to expand their business.

One of the companies who had a successful time at the oil show was Galtway Marketing, a Houston-based company that provides marketing for oil and gas companies. The president of the company, Josh Lowrey, said his company picked up between 15 and 30 new clients during the show.

“We picked up some Odessa clients that we didn’t even know existed,” Lowrey said. “Everybody wants to do a deal.”

Many of the attendees were able to make contacts with others in the field as well. Sammy Gardea, who works with NOV, said he was able to meet several new people in the industry he hadn’t met before during the event and at parties afterwards.

“Even though the weather has been like it is, people have gone all out to showcase their business,” Gardea said. “I’m impressed.”

Another draw to the event was to see the new innovative services and technologies that companies were providing for the oil and gas industry. Bill Raney, who works with Midland-based Expanse Energy, said he came to see what was new technologically at the event.

“Even though it’s more of a technical show, I see a lot of help wanted signs already,” Raney said.

Part of the reason for this, Raney said, is because of the isolated location of the Permian Basin.

“People don’t want to make the move, it’s an ongoing challenge,” Raney said.

Several attendees were there looking for work as well. Jeff Schwiezer came to the show in between jobs, and said he had made a few contacts.

Ted Howden, who works with Taurus Connection, said he had made several contacts at the oil show as well. This was his first time attending the event, and said he expected to come back for the next show in 2020.

“It’s pretty impressive,” Howden said. “I’ve talked to people from literally all over the world.”

DAILY OIL PRICE: August 16

  • Crude Oil: 54.87 (+0.40).
  • Nymex MTD AVG:  54.5956.
  • Natural Gas: 2.200   (-0.032).
  • Gasoline: 1.6568   (+0.0204).
  • Spreads: September/October   (+.06)   October/November   (+.39).
  • Plains WTI Posting: 51.25   (+0.25)
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