President & Chief Executive Officer, Phx
Search every verified Michael Buker interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Michael Buker, President and CEO of Phoenix Technology Services, appeared on the #Vdoorlocksmith Show on June 23, 2023, to discuss industry trends. He stated that the company decided in 2013 to "steal market share away from Slumber J Baker and Halliburton" and pursued control over motor, MWD, and rotary steerable technology. Buker estimated that about 40 percent of the company's work is currently remote, and he noted that reducing the number of people on the rig improves safety. Buker also expressed concern about the natural gas market, saying the price of gas has "come way down, down 75 percent" and predicted that this could reduce the number of gas-focused rigs in the U.S., potentially leading to directional tools being redirected to oil-focused operations. He mentioned upcoming travel to Savannah, Norway for the SBE conference, and to Germany and Belgium for a robotics documentary, as well as a planned appearance as keynote host and moderator at a Permian Basin directional drilling forum.
“We made a decision back in 2013 that we want to be able to steal market share away from Slumber J Baker and Halliburton. What do we need to be able to do that? Well we need motor technology that we control, we need mwd technology that we control, and we need a rotary steerable tool. And so that's what we did.”
“I worry a little bit about what's going to happen with the gas market. Natural gas market price of gas has come way down, down 75 percent. I have to think that's going to have an impact on the number of gas focused rigs in the U.S. in particular and typically what happens is if all of a sudden there's 25 fewer gas rigs...”
Vdoorlocksmith Show with Mike Buker, President – Phoenix Technology Services. We will be discussing industry trends, ...
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