Testing page for app

Visuray is using its unique X-ray technology to improve downhole imaging.

With big shale mergers dominating the headlines, some of the industry’s most influential financial players gathered to discuss what’s driving the shift in operational and fiscal priorities.

Meet the group advancing digital technology adoption within one of the largest oil and gas producers in the US. Its aim is to cross-pollinate reservoir engineers with data scientists to create a 21st century workforce.

Petroleum industry professionals’ reported average compensation in 2018 shows an increase from this past year but is still lower than salaries before the oil price downturn that began in 2014.

The shift toward lower prices in the industry has resulted in the necessity for more wells to be drilled at lower cost. Numerous other industries have shown that they are able to constantly reduce cost per unit. Where do we stand today and what will the future possibly look like?

With drilling on the rise, US oil production is expected to continue to increase. However, many industry professionals are concerned that the “brute force” model, which has seen a massive influx of capital flow into completion and hydraulic fracturing operations, is not economically sustainable.

It is an honor for me to serve as the SPE president for the next 12 months. Without hesitation, I knew that I would devote my year as president to a theme related to energy sustainability.

Slow uptake of innovation and new technology is an oft-repeated criticism of the oil and gas industry.

Offshore production assurance continues to drive new production technology applications and approaches. The three papers highlighted here focus on developing analytical tools and performing root-cause analyses while providing safe, cost-effective, and reliable operations.

The Eagle Ford formation has produced approximately 2 billion bbl of oil during the last 7 years, yet its potential may be even greater. Using improved oil-recovery (IOR) methods could result in billions of additional barrels of production.