Digitalization, which involves the adoption of digital technologies such as artificial intelligence (AI), big data, cloud computing, cybersecurity, the Internet of Things (IoT), and robotics in day-to-day oil and gas operations, is enabling the industry to improve productivity and profitability by streamlining operations and cutting costs, says GlobalData, a leading data and analytics company. According […]
Drilling Permits Hit New High
by Dr. M. Ray Perryman The number of oil and natural gas drilling permits issued by the Texas Railroad Commission reached an all-time high in March, at over 1,100. Hundreds of companies of all sizes are jumping into the fray. Activity is picking up across the state, with the Permian Basin reportedly seeing over 900 […]
It’s Not Sci-Fi: RRC Brings AI to Seismicity
The Railroad Commission of Texas has turned to artificial intelligence to optimize the time the agency’s technical analysts spend on seismicity reviews to ensure residents and the environment are protected. Seismicity reviews are conducted by the Underground Injection Control (UIC) Department for injection/disposal well permits in areas susceptible to earthquakes and in certain geologic zones. […]
Supply Chain Visibility: Harnessing Logistics
by Clayton Bornman A business’ success hinges on efficient logistics and supply chain management. Transportation once started as the cart behind the retail horse, but it has since become the driver. An escalating thirst for immediate gratification has led consumers to increasingly demand visibility to goods and services in transit. A digitalized supply chain network, […]
Price Volatility Lingers For Oil and Gas
Enverus Intelligence Research, a subsidiary of Enverus, a global energy data analytics and SaaS technology company, released on May 25 a report focusing on its five-year supply, demand and price outlook. The report confirms that nearly three months into the Ukraine war, oil and gas markets remain tight with Brent oil trading well above $100/bbl […]
Interoperability: What it is And Why it Matters
We are now living in a digital world. E-commerce consumers expect goods to be delivered faster and more flexibly than was the case just a couple of years ago. Organizations, retailers, and their warehouse service providers therefore need to find new ways to move, store, and dispatch goods with agility and accuracy. Add the widespread […]
O&G Hedging Remained Active Before 2022 Price Spikes
By Josh Schulte, Jeff Nicholson, and Reece Lambert Hedging remains a mainstay activity for many oil and gas producers desirous of protecting cash flows and managing operating budgets. However, these hedge programs and coverage levels were in place before price increases that occurred in early 2022. This resulted in the 30 largest public oil and […]
Rystad: Oil exports from Gulf Coast reach all-time high in 2022Q2
Oslo-based research firm Rystad Energy said last week oil exports from U.S. Gulf Coast are expected to reach an all-time high of 3.3 million barrels per day in 2022Q2 as refining capacity disruptions limit operators’ ability to meet demand and supply is boosted by release from strategic petroleum reserve. More than 95 percent of U.S. […]
Eddy, Lea counties in New Mexico each with 54 rigs to lead Permian Basin
Baker Hughes said in its June 24 report there were no drilling rig losses in major producing states in the previous week. There were 349 rigs in Permian Basin (up 4 in previous week, up 113 in previous year), 362 in Texas (up 6 in previous week, up 141 in previous year), 111 in New […]
U.S. onshore day rate for rigs reaches $18,000 for first time in 29 months
U.S. onshore day rates for drilling rigs increased in May to exceed their pre-pandemic levels of early 2020, according to Enverus day rate survey. Enverus said last month the combination of more demand and higher costs increased the U.S. average onshore day rate to $18,517 in May – the 14th straight monthly increase and first […]
- « Previous Page
- 1
- …
- 164
- 165
- 166
- 167
- 168
- …
- 370
- Next Page »