5 Fun Facts About the Permian Basin

The Permian Basin is not only rich with petroleum and natural gas deposits; it’s rich in history, too. Here are five facts about the Permian Basin you might not know. 

1. The Name 

The Permian Basin gets its name from the Permian geologic period which began 299 million to 251 million years ago. This time period is best known for its dramatic ending, when an asteroid struck Earth and wiped out the dinosaurs! Over millions of years, those extinct dinosaurs transformed into what we now call fossil fuels. 

Source: Encyclopaedia Britannica

2. Everything’s Bigger in Texas

We know that the Permian Basin covers most of West Texas and parts of Southeastern New Mexico - but did you know that it’s actually more than 86,000 square miles? In total, it’s close to 250 miles wide and 300 miles long. Just to give you an idea, that’s about the size of the entire state of North Dakota!

3. Lucky Strike

In 1923, the Santa Rita No. 1 struck major oil in the Permian on land leased from The University of Texas. So how did the first rig to strike oil in the Permian get its name? Turns out the rig was named after Saint Rita of Cascia - the patron saint of impossible causes. Proving to be far from an impossible cause, today the Santa Rita No. 1 rests on The University of Texas campus.

Source: Texas State Historical Association

4. History of Victory

Patriotism runs deep in the Permian. During World War II, the Permian had its share of responsibility in contributing to the winning war efforts of the Allied Forces. Wrap your head around this fact: About half of the world’s oil and gas production at the time came from the Permian! This supply helped in fueling the tanks, ships, and planes the Allied Forces used to ultimately win the war.

 Source: Drilling & Geophysics Society of Dallas

5. The Permian Today

Nationwide, the total oil rig count has risen to 883. Did you know more than half of those rigs are located in the Permian? If you stacked all the oil rigs in the Permian on top of each other, they would stretch almost 6 miles into the Texas sky!

Source: Baker Hughes Rig Count Data

Impress your friends and coworkers with these five surprising facts about the Permian.

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Section 232 Steel & Aluminum Import Tariffs and Their Effect on Upstream Oil & Gas

By now, we’re all aware of the Section 232 investigation into steel and aluminum imports. In the weeks and months leading up to the January release of the report and President Trump’s response, there was a sense of muted concern among those in the industry. While some were preparing for the worst, the overwhelming majority we spoke to, frankly, seemed skeptical that the size and scope of the ramifications would be all that impactful.

 Now that the dust has settled and we’re a few months removed from the release of the report, we want to:

  • Look back at some of the pre-report concerns and what action people did or didn’t take
  • Understand what’s happened to oil country tubular goods (OCTG) pricing since the release of the report
  • Outline the general consensus regarding prices for the remainder of the year and what the go-forward strategy is

Labor Manager Is Available in the RigUp Mobile App

The ability to access work from a smartphone is critical for many working in oil and gas operations, especially while out on location where plans can change with limited access to the office. Our data shows that over lifetime of launching RigUp, mobile usage has steadily increased month over month. In fact, over 75% of new users who visit RigUp.com for the first time access the site from mobile compared to desktop.

For this reason, we’re excited to announce the launch of the new Labor Manager Feature in our mobile app for oil & gas companies that work with contractor labor. Adding the accessibility of Labor Manager on the RigUp mobile app for E&P and OFS users is an exciting addition that allows you to work on-the-go. Here are three things you can do with Labor Manager on the mobile app:

How To: Add Reviews to Your RigUp Profile

Finding work in the oil & gas industry can be a long, painful process. Even as an experienced service provider, hours of time and effort can be spent searching through generic job board postings with little luck. We understand the difficulty and frustration that comes with the job search, which is why we’ve created the RigUp platform to help your oil and gas job search.

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