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...
Subsurface data is the bedrock of upstream oil and gas. The giant companies that set the tone for the industry (known as supermajors) rely heavily on huge amounts of data to make decisions on acquisition drilling and completion operations. But...
Of the current drilling options available, horizontal wells are among the highest-producing options. As such, horizontal drilling is steadily rising in popularity within the upstream oil and gas U.S. market.Read More
Private equity firms increased their investment in oil and gas companies in 2017. Private Equity investment has played a substantial role in the U.S. oil and gas production surge. The recent wave of private equity investment was at least...Read More
For those of us who work in and around the oil and gas industry, we never get too far from the geology education we received as children – specifically, the study of the remnants of bygone eras that are trapped in the earth’s crust. Extracting...Read More
While the geological features being explored by oil and gas drillers and operators are hundreds of millions of years old, the advances made by petroleum engineering research make up an ever-evolving science.Read More
The exploration and evaluation steps in a field development project are two of the most difficult processes in the entire field development life cycle, as history dictates. This is due to the complex nature of determining the quality, type and...Read More