Cold conditions hamper oil production

Cold weather can begin to affect an oil company’s profits.

This Thanksgiving brought more than turkey to Texas — it also came with bitter winds that scattered a chill throughout the state's Permian Basin.

The basin, which is the location of a variety of productive oil fields, was faced with frozen oil production equipment, icy roads and power outages, obstacles which some energy companies warned could end up affecting their output. 

While weather is not often a concern (except for in the hurricane-prone Gulf of Mexico), adverse conditions sometimes pop up and affect the fields. Extreme cold will hit some parts of Texas from time to time, and when it does, some of the equipment is at risk. Since much of it is constantly exposed to the elements, measuring gauges are more likely to show adverse effects when the worst of winter strikes. 

In addition many sites are somewhat set apart from major cities, often off of dirt roads that rarely see maintenance workers. During a cold snap, these paths can freeze over and are less likely to be salted, making it difficult for workers to access their oil and gas wells. Affected power lines near fields are usually restored last, after houses in the region have gotten their electricity back.

Ultimately, these conditions are unlikely to last for too much longer, but they will affect the profits for some businesses. Older equipment is especially vulnerable, and less likely to be able to handle destructive climates. 

Having the best possible machinery is always a benefit, but in inclement conditions, it's critical. Innovative artificial lift solutions can make your drilling more efficient, regardless of the what the weather might throw at you.