[oilfieldtrash]

The permian basin is pretty mature and probably a good place for small operators that can use poor boy type solutions. They can get by with used tubing courtesy of the majors and probably the operations folks get a percent which means they work 360 days a year for a big payout. More effecient that a big company with armies of technical experts that go around and around the bush and never make decisions.

I dont know what kind of flowrates they have from wells, but you got to have a good rate to pay for all that cutting edge Schlumberger logging. And a Baker centrilift will probably cost you 500K. Nice to see that they can justify those costs there based on deliverability.

[PSYCHO-FREEP]

You must not be familiar with the new Directional Drilling methods we are currently using. Logging is provided in the MWD (Measurement While Drilling) Gamma/Resistivity program. It has eliminated most forms of wire line logging.

The costs have come down dramatically because of it.

[thackney]

Permian Basin is seeing development into Woodford and Wolfcamp shale fields similar to the Bakken and Eagle Ford. The game is changing.

There are several of the bigger companies putting money into the Permian Basin at this time.

US Permian Basin hosts new rush for black gold
http://www.ft.com/cms/s/0/69c8c4c0-9db9-11e0-b30c-00144feabdc0.html#axzz1SU7EXCW1

PERMIAN BASIN DRILLING REPORT: WEEK OF JULY 17, 2011
http://www.oaoa.com/news/approved-68710-number-commission.html