There’s often a misconception that regulation is a purely federal affair. However, the heart of regulation is local. State governments, not the federal government, have significant and primary oversight over the oil and gas operations that occur within each state. There are a few exceptions, of course. There are cases where the federal regulators do attempt to enforce regulatory control over state oil and gas operations normally left to state control. Recently, the Bureau of Land Management attempted to enforce new regulations on fracking, for example.
Oil and gas companies are regularly faced with many industry-specific issues to overcome. Such issues, including exploration and drilling, are often complex and intricate processes with many unique challenges to overcome. Data analytics can play a massive part in streamlining some of the most fundamental operations that are involved in the oil and gas industry.