American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 134

History

The Permian Basin International Oil Show could not be held in a
more iconic region than the Permian Basin. It was first explored
by industry pioneers in the 1920s, and has survived many cycles of
booms and busts over the decades since. Some industry on-lookers
have diminished the Permian's importance over the years, thinking
the region's reserves had finally been depleted, but advanced
technology has revived the basin repeatedly, most recently through
the application of horizontal drilling and hydraulic fracturing.
Meanwhile, the oil show has grown not only in size, but in
importance. Having survived the booms and busts, industry slumps
and slowdowns, wars and embargoes, the Permian Basin International Oil Show's success has earned it recognition
as "one of the world's largest inland petroleum expositions."
The 2016 show is no different. A severe market slump that has challenged the industry for more than two years has
not weakened the industry's spirit to adapt, survive and innovate. In light of these challenges and the industry's
optimistic view of the future, the theme of the 2016 show is "Standing Tall."
Every even-numbered year, the oil show attracts attendees
to Odessa from every facet of the industry. Leaders come
from around the world to learn about the latest technology
and the newest equipment. They come to reunite with old
friends and to connect with new business colleagues.
This worldwide event, which in 1940 was known as the Little
International Show, lasted only two years before World War
II intervened. Following the war, ambitious and energetic
oilmen from around the Permian Basin revived the project.
By 1950, the oil show was back up and running.
Unlike many exhibitions, the Permian Basin International Oil Show is a nonprofit venture dedicated to educating
both office and field professionals of the oil and natural gas industry. Run by oilmen for oilmen, the show's mission is
unwavering, and its dedication to this educational goal is the single most important factor in its overwhelming success.
The Permian Basin International Oil Show not only showcases the very latest technology, it also honors the
industry's past. A working cable tool rig operates daily on the show grounds, surrounded by trucks and oil field
equipment from the 1930s, which was a key growth period for the Permian Basin.
As in years past, attendance is limited to industry professionals for all three days of the exhibition. From Oct. 18
through Oct. 20, the oil show is a huge marketplace and international convention with something for everyone,
whether they are engineers and geologists working at corporate headquarters or lease operators in the field.
The 2016 oil show is more diverse and exciting than ever, and all in attendance will agree that what started in 1940
with 35 exhibitors continues to grow, reflecting the spirit of a resilient industry in one of the world's most resilient
producing regions: the Permian Basin. We are glad you are here.
134 THE AMERICAN OIL & GAS REPORTER

American Oil and Gas Reporter - PBIOS 2016 Official Program Guide

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