The dynamic oil and gas industry is continually shifting, and keeping pace with regulations, competition, and industry growth throughout the chain is no easy feat.
Startups and established companies alike may find themselves at a crossroads and...
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Only a couple of years ago, while the world reeled from the economic effects of the global recession, the oil and gas industry benefited from high consumer demand and rising crude valuation. OPEC crude oil prices went up as high as US$109.45 per...
Demand for commodities such as gasoline, diesel, and petrochemical products increases each year, and it is imperative for oil companies to supply that demand at a profit. Although drilling oil wells cost millions of dollars (depending on the size...
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The world won’t see a shortage of petroleum in the next few decades, says the Massachusetts Institute of Technology (MIT) Technology Review. The challenge, however, lies in making up for the dwindling easy-to-extract oil supplies.
From 2010 to...
A report from the US Energy Information Administration predicts that global energy consumption will grow by 28% in the next few decades. Fortunately, with the right tools, data, and technology, well producers and owners can learn more about the...
It’s both exciting and nerve-wracking to stand in a pasture in South Texas watching roughnecks rig up the head on a nodding-donkey so we can start producing from our first well in a new field (well, new for Sierra Pine but an established field...
It is not enough to recover every last hydrocarbon from a geological reservoir. The recovery method has to make economic sense for the business. Secondary recovery methods are used once the primary production pressure has declined to a level...
Certain temperature and pressure conditions in reservoirs and gas fields allow natural gas to condense to a liquid form. The condensation doesn’t happen just in reservoirs; with the correct temperature and pressure, the phenomenon can also be...
“Lower longer” is the prevailing term for oil and gas prices in what has become the “new normal” in the oil and gas market. A single dollar drop in global trade could cost exporters billions. Over the last decade, uncertainty has intensified...
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The old saying is true: “You make your money when you buy a property.” You can rarely go back to a seller and demand your money back for an oil and gas property that didn’t produce enough or produce at the...