Getting down to business is what the Permian Basin does best and that will surely be what happens when the biennial 2023 Permian Basin International Oil Show takes place Oct. 17-19 in and around the Ector County Coliseum at North Grant and East 42nd streets.
Oil Show President Larry Richards and Executive Director Tony Fry expect an attendance of more than 20,000 energy industry professionals and leaders from across the nation and world who will inspect, discuss and buy a large portion of the millions of dollars of world class equipment that will be displayed.
Exhibitors have rented all 724 available spaces inside and outside the coliseum.
Noting this year’s theme is “Where Innovation and Technology meet Permian Grit,” Richards said, “I’ve had the opportunity to spend time in the oilfields of almost every country that a U.S. citizen can legally travel to and every American oil-producing state except Alaska.
“What most Americans don’t realize is that the U.S. is the undisputed world leader in oilfield innovation and technology, period. While most innovations occurred in the offshore or international arenas 25 years ago, over the past decade almost all the most striking technology advancements have occurred in the onshore fields of the Permian Basin.
“The Permian has become the epicenter of innovation and oil executives from as far away as Libya and Guyana have reached out asking for specifics to attend our show in October.”
Richards said Wednesday that the exhibition will feature the latest technology for drilling, completions and production.
“The PBIOS is the largest onshore technology trade show in the industry with over 25 acres packed with equipment and exhibitions,” he said, noting that it’s only held every other year so a lot of new technology can be shown. “Time is valuable and companies invest in sending their employees to expose them to new services and technology that will improve efficiency, safety and bottom line results.
“We are a working man’s oil show and the focus is on products and services proved in the field, not science experiments. As the industry finds ways to electrify the big iron on location, innovations in the use of stranded natural gas to power massive 2,500-horsepower gen sets and frac fleets and to provide clean electric power on remote sites will be on display.
“Innovative new products that eliminate the flaring or venting of natural gas across a spectrum of industry activities are a hot topic this year and huge gains have been made in the effectiveness of this equipment. Tech for water re-use and recycling as well as all forms of automation will be displayed.”
Richards said exhibitors’ advancements to tie sophisticated equipment into overall control systems driven by algorithms and artificial intelligence learning are now being seen in both completions and production equipment.
“We’ll also have one of the largest displays of heavy horsepower equipment from the latest generation well servicing and workover rigs to oilfield trucks, construction equipment, pumps and on-site production equipment,” he said. “We’ve made a few additions to this year’s show, all focused on making attendance easy, smooth, enjoyable and time well-spent.”
He said admission will be free to all adult industry personnel and numerous short videos that may be seen at pbioilshow.org detail the ease of registration, dining options and multiple parking areas.
“In addition to the Odessa Chuck Wagon Gang’s world-famous barbecue we’re adding food trucks and an Internet café for high-speed Wi-Fi access,” Richards said. “We’re excited to have several industry-leading podcasters livestreaming from the show and a full photo video team on the grounds all week to highlight the latest technologies.
“Our show is made possible by the Permian industry leaders who volunteer their time to serve as our 150-member board of directors and the hard work of Tony and his assistant Jess Smith. For a show of this size to be pulled off almost exclusively by volunteers is amazing to me and we can’t thank our committee chairs and their teams enough for all their hard work.
“The Oil Show has showcased our industry, our region and the City of Odessa since the 1940s and we’re honored to continue that tradition. We appreciate Ector County working this year to improve the coliseum, including its new coat of paint and some renovations to the grounds. Our board was proud to donate $282,000 to local colleges and universities last year in support of the technical, trade and engineering programs that are so vital to our industry.
“The low cost and accessible energy provided by the hard-working men and women of the oil and gas industry has allowed Americans to enjoy a standard of living and material comfort that our great-grandparents couldn’t have imagined. We’re proud to support an industry that has meant so much for this region and our country.”
Fry said Wednesday that the preparations that have been made since 2021 are paying off and many exhibitors have two to four spaces inside and outside the coliseum.
“The attendance was only about 18,000 two years ago coming out of the pandemic and in 2018 we had bad weather,” Fry said. “It was over 20,000 in 2014 and ’16 and I think we’ll be back there again this year.
“The exhibitors last time said, ‘Yeah, the traffic was down, but the people out there were serious about what they were doing.’ I think it will be a great show.”