The simplest implement in the oilfield–a joint of pipe–is not so simple any more, but that’s good for all involved. Edwin Drake started the ball rolling when he designed a method of drilling for oil that used an iron pipe. Since those early days of the oil industry in 1859 when his iron drive pipe […]
Elevated Perspective
Steve Pruett and his well-placed partners have put together one of the biggest new E&P outfits to hit the Permian in several years. By Al Pickett, special contributor The most important factor in securing equity funding for a start-up energy company is people, according to Steve Pruett. “It is a marriage of people, experience, a […]
The Hands-Off Approach
Automation and remote monitoring are redefining the industry. As David Savells remarked, there is a saying in the oil and gas industry that “there is no way to recover lost production.” “If you lose two or three days of production, there is no way to make it up,” he observed. “That is why it […]
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