What’s remarkable about Extreme’s success is that it’s the result of
finding a solution to a problem the oil patch has been trying to figure
out for 50 years. That magic combination of pure researchers working
with the practical SAIT-trained gang has allowed the company to create
the next generation of real-time telemetry, effectively putting eyes
and ears into the end of a drill bit thousands of feet below the
surface, punishing the sensors with incredibly adverse conditions, and
providing an accurate wireless feed back to the surface. And the
acoustic telemetry isn’t their only successful gambit. Along the way
they’ve become the only company in the world to offer electro-magnetic
and mud-pulse telemetry systems. In the latter case, reducing the human
resources required to run the technology by 95%. Whereas a company once
needed two people topside working with the mud-pulse equipment at any
given moment, Extreme’s technology allows seven people to run 50 sites
by remote. Derek loves the fact that the technological advances have
helped stabilise an industry that is cyclical. As a 25-year oil-patch
veteran, he’s seen the boom-bust cycle a couple of times and knows that
if a lean drilling company can operate effectively with a small
workforce during the peak years, it doesn’t have to lay off its people
in difficult times, and will better survive the downturn. He figures
that’s as important an impact on the Alberta economy as the exceptional
quality of the high-tech products Extreme has so successfully marketed
over the last half-dozen years.
Of course, he’s not blind to the fact that the technology itself is a
great source of pride for everyone involved. He points out if you can
develop technology that is applicable in the Canadian oil basin, it can
be used anywhere else in the world. You have to be practical developing
concepts here because margins are far tighter than they are in more
traditional extraction areas. “If you can make it here, you’ll make it
anywhere,” he laughs. In effect, he and his partners have created a
company that can have a significant impact internationally, further
cementing Alberta’s reputation around the world as a leader in oil
extraction technology.
It’s not really surprising that Derek Logan ended up as president of a
successful engineering firm. He’s always loved tinkering, going all the
way back to when his dad would bring home old beaters they’d fix up
together. It’s a tradition he continued with his own sons, Aaron and
Justin. Six years ago, when the boys were 15 and 12, respectively, the
three of them rebuilt a 1952 Chevy pickup. Now electric blue and
equipped with all kinds of cool extras, the truck has won prizes and is
the family’s pride and joy—at least, it will be until they complete
their next project, a 1965 Cobra “replicar” that they hope to have on
the road next year. In the meantime, he and Glenna, who just celebrated
their 25th anniversary with a cycling trip at the Fairmont Sonoma
Mission Inn & Spa, are watching their kids with pride, enjoying the
fact that Justin has just joined his brother at Queen’s University’s
School of Mechanical Engineering. It seems the apple doesn’t fall far
from the tree. And what an apple. Derek’s come a long way from his days
as an industrial tire-man in Saskatchewan’s coal mines. Then again,
perhaps he’s not all that far removed from those mines. Now he makes
his living on the far side of drill. We’re glad he is and look forward
to watching the continued success we know will characterise Extreme
Engineering Inc. of Calgary, Alberta, Canada.
