In its recent feature article on Permian Basin wireline companies, a leading oilfield magazine looked to Integrity Wireline for commentary on latest directions in this oilfield niche. Permian Basin Oil and Gas Magazine, in its February issue, looked at a handful of wireline firms in light of the challenges faced in today’s fast-changing market.
Jonathan Deshler, senior vice president at Integrity, was among those quoted in the issue. Deshler remarked that independent wireline companies should not be overlooked, when oil companies are seeking wireline help. Independents, in fact, offer advantages that cannot be obtained with the “captive” wireline teams that are found within the giant oilfield service companies, he said.
The entire article can be found here on the magazine’s website.
Not All Wireline Companies are the Same
We quote from the article:
“In the world of service companies, there persists an eternal competition between the bigs, the littles, and the in-betweens. Everyone knows that the giants of oilfield service are turnkey operations. They supply every conceivable task, tool, or trade. Small shops are generally niche players, offering mainly a single service, such as seismic, mud logging, water transfer, or what-have-you. But the small outfits do their jobs with energy, alacrity, and flexibility. The in-between firms are of course a hybrid, being more diversified than the littles and covering a wider waterfront, while being less-full-service than the bigs, yet still managing to be agile and responsive.” Why go with a wireline-only vendor? Jonathan Deshler at Integrity Wireline can speak for the wireline companies that are independents.
“‘We can compete on price, yes,’ Deshler said. ‘But we can also sell based off of the fact that we have everything that somebody’s going to need. We’ve got a great safety record. We’ve got efficiencies. As well as the scale that you would need so that if something goes wrong with one truck you’re not forced to shut down until backup arrives. We have the technology that the well completions world wants: greaseless lines, modular perforating guns, ballistic release tools—we can even supply you with an electric truck.’
Some Companies Bring Added Costs
“He added: ‘The larger companies, meanwhile, say, “Okay, I have the same.” And maybe they do. But they’re usually not as good. Wireline companies that are tied to frac crews gets a lot of grace. But here’s the thing—they’re more expensive. The larger companies have so much more than what America’s market is looking for. When an operator hires them for wireline, they’re paying them also to develop their Gulf of Mexico deepwater assets. They’re paying them to develop their Angola offshore exploration tools. And we’re finding that some of the biggest E&Ps in the Permian, companies that you would think are always hiring the biggest service companies, are saying no to that and hiring companies like us.
“‘They’re saying, “I’m not paying extra to develop technology I’ll never use. Technology for my competition.” Meanwhile, where the smaller vendors are concerned, the ones who aren’t funding that technology, there’s almost no overhead.'”
Not all wireline companies are alike. To find out what a team like Integrity Wireline can offer you, give us a call today.