Oct. 16–Drilling rig masts and pumping units will be towering above Odessa’s42nd Street and Andrews Highway this week as the Ector County Coliseum and Fairgrounds displays the latest in technology and equipment.
It’s time for the Permian Basin International Oil Show, set for Tuesday through Thursday, and organizers expect it to be well-attended, especially after falling oil prices put a damper on the 2016 show.
“The theme is ‘We’re back,’ sort of like Arnold Schwarzenegger,” said Steve Castle, president of this year’s show.
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Tony Fry, PBIOS executive director, anticipates oil and gas producers will come on out.
“Our results do mirror the recovery in the industry,” he said.
After the industry downturn sent traffic at the 2016 show tumbling by 20 to 25 percent, Fry said he expects traffic this year will return to “those nice numbers of 2014,” or about 40,000 visitors.
Fry said exhibit space is sold out and a waiting list at the end of August totaled 300. Some exhibitors are seeking to expand their space this year, according to organizers.
Castle said the oil show offers value to small businesses, such as his Cowboys Resources.
“Being a small operator, it’s nice to be able to talk to people, mainly on the services side. For example, if Halliburton has a new proppant or a new procedure, I don’t want to be a guinea pig. I can call the oil show’s executive board, which has 24 or 25 members, or the big board of directors, with 200 members, and ask them who is a good pulling unit company or a good hot oiler.”
As important, is PBIOS’s role in showcasing technology, he said.
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“It’s labeled the working man’s oil show,” Castle said. “You’ll see guys in coats and ties, but you’ll also see guys in their coveralls. You’ll see all walks of life.”
Castle said that, unlike some other shows at the coliseum, the oil show does not receive funds from the Odessa Development Corp. Instead, he said the oil show actually pays for upgrades to the facility, such as electrical wiring.
Also, the PBIOS board contributes scholarship funds to Midland College, Odessa College and the University of Texas of the Permian Basin for industry-related education. Since 2004, the show has given $1.2 million in scholarship funds.
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