Uncategorized Archives - Oil Patch Surplus

Travis Coomer: A Kentucky Oilfield Trailblazer

Nestled amidst the rolling hills and lush landscapes of Kentucky lies a tale of perseverance, ambition, and triumph in the oilfield industry. Travis Coomer, hailing from the heart of Kentucky, embarked on a remarkable journey that would see him rise to prominence in the dynamic world of oil exploration and production.

Travis Coomer's upbringing in Kentucky provided him with a deep appreciation for the natural resources that surrounded him. Born into a family with roots in the oil industry, Travis developed a keen interest in the intricacies of oilfield operations from a young age. He spent his formative years learning the ins and outs of drilling, production, and exploration, laying the foundation for his future career.

Fuelled by a passion for the industry, Travis pursued a comprehensive education in petroleum engineering, honing his skills at esteemed institutions known for their expertise in energy-related fields. Eager to gain hands-on experience, he…

The founder of Helmerich & Payne

Walt Helmerich II's career in the oilfield industry is a testament to his leadership, innovation, and dedication to excellence. As a scion of the Helmerich family, which had deep roots in the oil business, Walt Helmerich II inherited not only a legacy but also a passion for the industry. Throughout his tenure, he left an indelible mark on the oilfield sector, transforming his family's company, Helmerich & Payne (H&P), into a global leader in drilling services.

Helmerich's journey in the oilfield industry began with a firm foundation built on family values and a strong work ethic. He learned the intricacies of the business from a young age, gaining invaluable insights from his predecessors and mentors within the company. Armed with a deep understanding of the industry and a relentless drive to succeed, Helmerich rose through the ranks, eventually assuming leadership roles within H&P.

As CEO of Helmerich & Payne, Walt Helmerich II spearhead…

Life and Career of Erle P. Haliburton

Erle P. Halliburton, a pioneering figure in the oilfield industry, left an indelible mark through his revolutionary innovations and enduring legacy. Born in 1892 in Tennessee, Halliburton displayed an early aptitude for engineering and entrepreneurship. His journey into the oilfield began in the early 1900s when he started working in the burgeoning oil industry in Texas.

Halliburton's career in the oilfield took off when he founded the Halliburton Oil Well Cementing Company in 1919. Cementing was a critical process in oil well drilling, ensuring the integrity and stability of the wellbore. Halliburton's company quickly gained recognition for its commitment to quality and innovation. One of his most significant contributions was the development of the cementing process using a jet mixer, which allowed for faster and more efficient well completion.

Under Halliburton's leadership, the company expanded rapidly, providing cementing services to oil wells acros…

Daniel Rice’s Pioneering Innovation in the Oilfield Industry

Daniel Rice's oilfield career is a narrative of vision, innovation, and strategic leadership that has left an indelible mark on the energy sector. From his early days as a petroleum engineer to his pivotal role in shaping the future of oil and gas exploration and production, Rice's journey is a testament to the power of perseverance, ingenuity, and a steadfast commitment to excellence.

Rice's fascination with the oil and gas industry began during his formative years, fueled by a deep-rooted curiosity about the earth's resources and their potential for economic and societal transformation. Armed with a degree in petroleum engineering, he embarked on a career that would see him rise through the ranks of some of the industry's most prominent companies, including Halliburton and BlackRock.

However, it was Rice's tenure at Rice Energy Inc. that would truly solidify his reputation as a trailblazer in the oilfield. As co-founder and CEO, he spearheaded the comp…

A Journey Through Don Slawson’s Oilfield Career

Don Slawson's oilfield career is a testament to perseverance, innovation, and unwavering commitment to excellence. From humble beginnings to becoming a titan in the oil and gas industry, Slawson's journey is a narrative of resilience, adaptability, and entrepreneurial spirit.

Born into a family with modest means, Slawson learned the value of hard work and determination from an early age. Raised in the heart of America's oil country, he developed a deep fascination with the energy sector and its potential for growth and opportunity. Despite facing numerous challenges along the way, including economic downturns and fluctuating oil prices, Slawson remained undeterred in his pursuit of success.

One of the defining moments in Slawson's career came when he founded Slawson Exploration Company, Inc. in 1986. Armed with little more than a vision and a relentless drive to succeed, he embarked on a journey to build a company that would become a leader in oil and ga…

How the Flowback Process works and the equipment needed.

The flowback process in the oilfield is a crucial step in the production of oil and natural gas from a well. Here's a simplified explanation of how it works:

Hydraulic Fracturing: In hydraulic fracturing (fracking), a well is drilled deep into the earth to reach oil or natural gas reserves trapped in rock formations. Once the well is drilled, a high-pressure fluid mixture, often consisting of water, sand, and chemicals, is injected into the well to create fractures in the rock, allowing oil or gas to flow more freely. Production and Flowback: After fracking, the well is put into production. During this phase, a mixture of oil, natural gas, water, and hydraulic fracturing fluids flows back up the well to the surface. This mixture is known as "flowback." Separation and Treatment: The flowback fluids are directed to a series of tanks or separators on the surface. Here, they undergo a separation process to separate the valuable oil and gas from the water and other…

How to run a Social Media Contest

Running a social media contest offers a wide range of benefits and rewards for your brand. Here are some of the key advantages:

Increased Brand Awareness: A social media contest has the potential to go viral, reaching a vast audience beyond your current followers. Through likes, shares, and tags, participants spread the word about your brand, increasing its visibility and exposure. This heightened brand awareness can lead to new followers, increased website traffic, and expanded customer reach. Engaged Audience and Improved Customer Relationships: Contests encourage active participation from your audience, fostering a sense of excitement and engagement. By interacting with your brand through likes, comments, and shares, participants become more invested in your content and develop a stronger connection with your brand. This increased engagement helps build trust and loyalty, turning participants into loyal customers and brand advocates. Data Collection and Mar…

Oil Recovery Techniques

There are several different types of oil recovery methods used in the petroleum industry. These methods are employed to extract oil from underground reservoirs and maximize the amount of oil that can be recovered. Here are some of the commonly used oil recovery techniques:

Primary Recovery: Also known as natural depletion, primary recovery involves extracting oil from a reservoir using natural forces, primarily the reservoir's own pressure. When the well is initially drilled, oil can flow to the surface due to the natural pressure difference between the reservoir and the wellbore. However, the production rate decreases over time as the reservoir pressure declines. Secondary Recovery: Secondary recovery techniques are employed to enhance oil recovery after primary methods have depleted the reservoir pressure. The most common secondary recovery method is water flooding, where water is injected into the reservoir to maintain pressure and displace oil towards the pro…

Why is investing in Oil and related companies good in times of inflation?

Investing in oil companies has traditionally been considered a good investment for several reasons. However, it's important to note that the investment landscape is constantly evolving, and the suitability of investing in oil companies may change over time. Here are some reasons why investing in oil companies has historically been attractive:

Global Demand: Oil is a vital energy source and is heavily relied upon for transportation, industrial processes, and electricity generation. The global demand for oil has been consistently high, contributing to the profitability of oil companies. Profitability and Cash Flow: Established oil companies often generate substantial profits and cash flow due to their scale, infrastructure, and access to reserves. This has historically allowed them to provide consistent dividends to shareholders. Diversification: Including oil companies in an investment portfolio can provide diversification. Oil prices and the stock market don't…

The most significant oil and gas-producing formations in the United States

Permian Basin: Located primarily in Texas and New Mexico, the Permian Basin is the largest and most productive oil and gas field in the United States. Eagle Ford Shale: Situated in South Texas, the Eagle Ford Shale is known for its substantial production of oil and natural gas. Bakken Formation: Located in North Dakota, Montana, and Saskatchewan (Canada), the Bakken Formation is a significant shale oil-producing region. Marcellus Shale: Primarily spanning Pennsylvania, West Virginia, and Ohio, the Marcellus Shale is one of the largest natural gas-producing shale formations in the United States. Haynesville Shale: Situated in Louisiana, Texas, and Arkansas, the Haynesville Shale is a prominent shale gas-producing formation. Utica Shale: Found beneath the Marcellus Shale, the Utica Shale extends across Ohio, Pennsylvania, and West Virginia and produces both oil and natural gas. Niobrara Formation: Spanning Colorado, Wyoming, Kansas, and Nebraska, the Niobrara …