Last week while visiting with my family I had a conversation with my grandpa Charlie about many things. Inevitably, the oil industry came up as the topic of conversation. We talked about everything from drilling technologies like hydraulic fracturing to the future outlook of the oil and gas industry. That’s when he buttoned up our conversation in the most perfect way. Being a farmer, he simply said, “Well, while it’s sunny, we better make hay!”. I couldn’t stop thinking about this comment because in just eight words he summed up the opportunity we have here in America to control our own energy destiny.
Yes, the sharp decline in the price of oil is on everyone’s mind. The continued opposition from critics and governing bodies is always a disappointing road block. But we are oil and gas, and we’re American – we move forward. Make no mistake about our current situation – we are in a world-wide battle for oil. The rest of the world cannot survive with oil prices at current levels; however, we can. The road may be bumpy. Production levels may rise and fall, but we will survive the volatility. We will continue to prosper, especially when the price of oil bounces back to true market value. We can pivot. We can change strategies. We can outlast the competition. It may seem as though it’s dark and dreary lately, but let me humbly say, it’s still very sunny – so keep making hay.
Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.