Standard Energy Services Founder and President Pieter Bergstein started his company with no down payment on one hot oil truck. Today Standard has 350 employees and additional services—including vacuum trucks, pump trucks, well service, saltwater disposal, and others, along with hot oiling. This company that, over the years, has been asked to help clean up the Exxon Valdez spill … [Read More]
Drilling Rigs: The Times Are Changing
While drilling rigs have been seen in nearly every corner of the Permian Basin for the last 100 years, it seems that the modern rig has become a fixture of today’s … [Read More]
2024 Outlook: Mixed, But Promising
In releasing its 2024 Outlook in January, Enverus researchers and prognosticators see a decline in the huge merger and acquisition frenzy of the previous year, and … [Read More]
Featured Story
Ever Adapting Service
To adapt an old saying for today’s oilfield service sector, “The more things change—the more things keep changing.” From recognizing a customer need as the gateway to a new service—as one company did—to creating an in-house welding school to train their own … [Read More]
Overtime and Bonus Pay for Nonexempt Employees
Several years ago, I wrote on this topic of overtime and bonus pay for nonexempt employees, and I continue to have clients ask about these matters. This is super easy to understand if employers will take the time to review the Department of Labor's … [Read More]
Defying Expectations
The year 2024 is becoming a year when the prognosticators are being proven wrong. What do we mean by that? Let us count the ways. “World Oil Demand Outpacing Expectations” In a March 22 report from Bloomberg, we are told that the … [Read More]