Embrace the Future, Celebrate the Past: Big Oil Show scheduled for October 19-21
Postponed for a year because of the pandemic, the big, wide, wonderful Permian Basin International Petroleum Fair will be held October 19-21 at the Ector County Coliseum with more than 30,000 people from the energy sector expected.
The biennial show is one of the world’s largest exhibitions on new oil and gas technologies and it is an economic boon for Odessa and the basin of 17 counties which totaled $ 23.9 million in revenue when the last one was took place in bad weather three years ago.
Monica Tschauner, Director of the Odessa Chamber of Commerce’s Discover Odessa Marketing Branch, said that with 4,616 hotel and motel rooms here, the event will see attendees staying in Midland, Andrews, Monahans, Crane and probably other even more distant cities as many arrive a week to 10 days earlier with trucks and cranes to set up their extremely heavy exhibits.
“There are a lot of parties and catering going on with the different companies for their employees and guests,” she said. “People come from all over the world. “
Noting that attendance has sometimes exceeded 100,000 in the past, Tschauner said admissions should ultimately be limited to only industry representatives so they can focus on business.
Referring to the Nacero Corp. project. to begin construction at the end of the year of a $ 7 billion low-carbon gasoline manufacturing plant in Penwell, she said demand will be everywhere.
“They will stay where they can. “
House Economic Development Director Wesley Burnett added that hotel and motel tax receipts and sales of gasoline and materials for the stalls will also increase.
Nacero will manufacture gasoline from a combination of natural gas, captured biomethane and attenuated flare gas, according to its website.
Begun in 1940 as “The Little International Show” and held in even years since 1950, the exhibition will now run in odd years as participation is costly for companies and there will be more novelties in 2023 than there are. would have it next year, said executive director Tony Fry.
This year’s theme is “Celebrate Our History, Embrace Our Future”.
Show President Tommy Pipes has said there is no question of postponing it again. “It’s a completely different year than last year around this time,” Pipes said.
“We will have a strong group of exhibitors presenting their products. We always have a big turnout if the weather is nice and I don’t see why this year will be any different.
Fry reported on September 20 that there was already a full list of 735 suppliers, including 14 companies from Canada and two from India and China, as well as many international companies based in the United States who need more support. ‘one of 1,129 indoor and outdoor spaces.
“The basin hosts football, fairs and other trade shows and we thought it was time to get back to the program,” said Fry. “The Oil Show provides a good opportunity for customers and suppliers to come together and see what’s out there with new technologies, products and services that are being offered to the guys in the field. “
When asked how many deals would be done, he said money and equipment will change hands during the show, but most will happen in the weeks and months that follow. “It depends on the size of the equipment and the size of the project,” said Fry, noting that intermediary transactions will be made to strengthen the pipelines as well as the activities concerning the production and upstream services of the industry.
“Most will be contacts that will be followed up in two to six months.”
Fry said attendance “was barely 20,000 in 2018,” but turnout should be much better this time with any luck with the weather, adding that all equipment will be gone by the 26th. or October 27 “because it comes out much faster than it goes up.
He said there would be no official talks on the energy policies of the Biden administration, which many oil companies have severely criticized since President Joe Biden took office in January, because it is ” of a strictly commercial exhibition.
“We don’t have seminars and that sort of thing on our agenda,” Fry said.
IF YOU ARE GOING TO
As admission is limited to industry personnel who have registered and received identification tags, the Permian Basin International Oil Show at the Ector County Coliseum will be open during these hours:
- 10 a.m. to 6 p.m. Tuesday, October 19.
- 10 a.m. to 6 p.m. Wednesday, October 20.
- 10 a.m. to 4 p.m. Thursday, October 21.
The Chuck Wagon Gang will serve lunch on Monday, October 18 and each day thereafter with tickets for Monday at $ 15, Tuesday at $ 24, Wednesday at $ 21 and Thursday at $ 16 with prices varying depending on the menu. Participants are advised to purchase their tickets in advance on the show’s website in the “registered exhibitors” section to be guaranteed a meal.