By far the most important resource coming out of the Permian is not oil of gas, its know-how. US upstream companies learn how to develop and milk reservoirs and bring upstream work much closer to manufacturing. The quality of the resource is not so important anymore. Its the quality of the manpower and the computer power that goes inside that counts. From now on, even more important than the oil cargos the US exports will be its experts and that gives US upstream oil companies a stake in every part of the world that wishes to go autonomous and has unconventional reserves. Welcome to the next phase of US energy domination.
Standing at the center of the prolific Permian Basin, Scott Hodges explains how the future of the world’s largest oil field may very well depend on what he calls jokingly calls the “really smart guys.”