Petroleum Lab Still Thriving in the Permian Basin

by Haley Burks
NewsWest 9

MIDLAND - The words slowdown, souring economy, and layoffs seem to be on eveyones lips, but one local family owned business is thriving.

"We were behind like 4 weeks behind on tests but now we are like 3 to 3 1/2 weeks behind," James Pritchard a lab technician said.

Caprock Lab, a family owned business for over 20 years has seen its share of booms and busts in the oilfield.

However, for the petroleum lab the slowing economy hasn't put a damper on their business.

"When oil prices are high people want testing to get their money worth and the same when the oilfield is slow people want testing," Lab Manager Jim Pritchard said.

They are still operating at full steam testing 600-800 samples a month from companies like Chevron and Exxon Mobile.

"We test anything from natural gas, soil, water, and chemicals," James Pritchard said.

The Pritchards, who own the lab, say they are concerned the economy will continue to head south, but in the meantime as long as there is oil, the lab will stay in business.

"Pretty much anything you put in the ground or take out we test," Pritchard said.