Sandy Esslemont had the unenviable task of taking the reins of Parker Drilling just as the world was shutting down from the COVID-19 pandemic, which led to destruction in demand and a historic oil market crash.
Good thing he has 37 years of experience and an optimistic attitude to rely on.
“We have some pretty lofty goals at Parker over the next five years,” Esslemont told Hart Energy Editorial Director Len Vermillion. “They may be in a holding pattern in 2021 but I see the ability for us to reorganize into a much more nimble organization to take advantage of what we think is going to be an upturn in 2022 and thereafter.”
Esslemont was named as president and CEO of the international provider of drilling services and rental tools to the energy industry on March 23 after an extensive search for the replacement to the recently retired Gary Rich. He recently paid a visit to Hart Energy’s headquarters in Houston to discuss his new role plus the path forward for Parker Drilling and the oil and gas industry as whole.
Jump to a topic:
- Reason behind joining Parker Drilling (0:35)
- Strategy following COVID-19 (1:25)
- Industry optimism (3:39)
- Building Parker Drilling’s niche (4:30)
- International markets (5:55)
- Technology and innovation (6:38)
- Data analytics (9:07)
- Workforce solutions (9:37)
- Outlook for OFS opportunities (10:14)
- ESG and climate change (11:34)
- Oil and gas in the future energy mix (13:04)
Here’s a snapshot of recent energy deals including a series of transactions in the Duvernay Shale as both Shell and Ovintiv exit the play plus Continental Resources reveals itself as the buyer of Samson Resources’ Powder River Basin position.
Here’s a quicklist of oil and gas assets on the market including certain Ageron Energy properties located in the dry gas window of the Eagle Ford Shale in South Texas plus a Caney and Woodford Shale opportunity from Falcon E&P Royalty Holdings.
New Century Operating LLC retained EnergyNet for the sale of an Eagle Ford / Austin Chalk opportunity. The offering includes certain oil and gas properties and related assets located in Burleson and Lee counties, Texas.