The Basin Report

Oil Show Still A Go

Odessa, TX – There is no oil and natural gas producing region in the world more dynamic than the Permian Basin. The area has been a mainstay of U.S. production since the 1920s. The 2020 Permian Basin International Oil Show, despite the coronavirus pandemic, is still preparing for the three-day event slated for October 20-22.

While the show is not for three more months, rest assured PBIOS Executive Director Tony Fry, his staff and the executive committee will need every single one of those days to put on a premiere industry show like the Oil Show. Filling the designated floor plan, meeting exhibitor needs, and choreographing accommodations are just a few of the many tasks that will need to be performed and achieved between now and October. Bear in mind, all of those hours dedicated to putting on such an event could be scrubbed by an invisible enemy that has still maintained the upper hand.

A biennial event since the end of World War II, the Oil Show has grown to represent the very fabric of a great industry. It serves as an international marketplace, where hundreds of booths and exhibitors fill the Ector County Coliseum. Whether an executive, an engineer, a geologist or an operator in the field, PBIOS has something for everyone. The Oil Show is a gathering of producers, service companies, investors and innovators, where ideas are exchanged, friendships are made and deals are born.

According to Fry, “Everyone involved with the show is hoping things will be returning to something that resembles normal by the end of summer. We are monitoring conditions as they pertain to Covid-19 social distancing and safety precautions to provide a safe atmosphere for the show. Since all of our volunteer members of the Board of Directors are directly involved in the oil and gas industry, we are certainly monitoring industry conditions as well.”

Many of the people I have spoken with in the industry are silently eyeing mid-August as a better indicator of whether or not the event will proceed. The PBIOS Executive Committee is scheduled to meet in August to determine the appropriate course of action for moving forward.

Every time industry experts begin to think the region has finally played out, new technology comes along and the basin comes roaring back, bigger and better than ever. The Permian Basin is resilient and known for its optimism and perseverance. The world-wide event began humbly in 1940 as the “Little International Oil Show” with a mere 35 exhibits. The show lasted two years before World War II intervened.

In 1950, oilmen from around the Permian Basin revived the project. The group formed a non-profit corporation and ‘The Permian Basin Oil Show’ was established. The show was presented again in October 1952 and has been held every two years, on the even numbered years, since that time. Because of the growing interest of foreign exhibitors and attendees, the name was changed in 1994 to the ‘Permian Basin International Oil Show’.

Over the years the show has grown not only in size but in importance as well. Having survived the booms and busts, industry slumps and slow-downs, wars and embargoes, and now even a pandemic, the Permian Basin International Oil Show is still one of the largest Petroleum Expositions in the world.
 

Tentative Exhibit Hours
10/20 (Tue) 10am 6pm
10/21 (Wed) 10am 6pm
10/22 (Thu) 10am 4pm
 
For more information on the 2020 PBIOS, visit their website at www.pboilshow.org.
 
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