American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 13
Standing Tall. It's What We Do.
Seventy-six years ago, a handful of hardy oilmen gathered at a park in
Odessa, Tx., to meet, greet and learn more about their industry at the
"Little International Oil Show."
A few things have changed in the years since. While Midland/Odessa
and the surrounding Permian Basin became known as a major oil center
decades ago, the area's importance has grown with the advancements
in horizontal drilling, hydraulic fracturing, and tight shale production.
Since 1940, Odessa has been the home of the biennial Permian Basin
International Oil Show, and the PBIOS has grown from a gathering of
dozens to a globally recognized industry event that attracts hundreds
But one thing hasn't changed much in all those years: The oil industry is cyclical. We experience cycles of
economic booms and economic busts. Always have, always will. That is why those who survive and thrive in
this business are hardy individuals.
show occurred at the tail end of the Great Depression. But they had the foresight to envision the opportunities
ahead. They had the wisdom to foster a sense of community, and to enable the sharing of knowledge with
peers. And more than anything, they embodied the never-say-quit attitude of constantly striving toward their
Man's Oil Show."
We Are Still Standing Tall, Still Working Hard
It's no secret that we have been through some hard times of late. But we are made of the same sturdy stock
That is why I am anticipating a great turnout for this year's show.
is true of this year's show also. The long decline in oil prices has stabilized. There even has been a modest rise
in prices. In spite of the tough times, exhibit spaces at this year's show are sold out.
I am thankful for our volunteer directors; without their immense support, the show wouldn't have lasted
this long. I am thankful for all the exhibitors and attendees who continue to support the show, even during
downturns. And I am proud to be a part of this great industry, composed of people just like you, standing tall
even during the worst of times. It's a pretty good group to rub elbows with.
Welcome to Odessa, and welcome to this year's show. As we continue to stand tall, let us also stand together
in making this the best show in 76 years.
2016 Permian Basin International Oil Show
OCTOBER PBIOS 2016 13