startup companies
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The same tools that make it fun and easy for you to see a friend's updates online are also pretty good at tying together unconnected databases holding valuable well information.
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Shale explorers run very few logs into horizontal wells, making it difficult to understand the effects of reservoir depletion in tightly spaced wells. This new technology is trying to change that.
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Venture groups spend their time evaluating hundreds of companies each year to only make a handful of investments. These two cover interesting ends of the upstream spectrum: aerial drones and downhole artificial lift.
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Understanding the behavior of subsea reservoirs traditionally takes months and millions of dollars. A new company says it can do this with a very targeted way in less than a week, for only thousands of dollars.
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Being a startup in oil and gas isn’t always easy, and so it is nice when you get noticed at the industry’s largest gathering, the Offshore Technology Conference. Learn about 10 new companies that industry insiders say are the ones to watch in 2018.
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PipeFractionalFlow, a spinoff startup from the University of Texas at Austin, uses new theories and equations to make modeling complex multiphase flow more affordable. A model recently developed offers operators an “independent and unbiased” way to validate the system and select candidate wells.
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