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Automated Data Reporting Saves Time and Money #OilmanNEWS 2017-May-June Innovation & Technology 

Automated Data Reporting Saves Time and Money

With low oil prices, operations managers seek the most accurate data available to them. This information allows them to make efficient financial forecasts and make reconciliations. For small to mid-sized companies, the low profit margins do not allow for mistakes. Even a small margin of error could negate profits. Doing this type of meticulous forecasting used to mean spending a... Read More
International O&G Leaders Gather for CERAWeek #OilmanNEWS 2017-May-June Innovation & Technology 

International O&G Leaders Gather for CERAWeek

IHS Markit, a data analysis company, is hosting its 36th annual week-long conference in Houston, Texas starting on March 6th. According to the event’s website, CERAWeek is ranked among the top five “corporate leader” conferences in the world, bringing together leaders of nations, companies, and regulatory bodies to speak about the current state of the oil and gas industry. Each... Read More
Hydro-cutting Tool Slices Costs  On Well Abandonments 2016 September-October Innovation & Technology 

Hydro-cutting Tool Slices Costs On Well Abandonments

By Tim Sharp Cut-and-cap well abandonment procedures are generally dangerous, time and resource intensive processes relying on cooperative weather, and they become more complicated the worse the weather becomes. A new, innovative technological approach to an old oil and gas problem is to employ a hydro-powered-cutting tool to cut and separate the wellhead while still underground, leaving a small environmental... Read More
Electronic Tong Testing Stand Speeds Productivity 2015 November-December Innovation & Technology 

Electronic Tong Testing Stand Speeds Productivity

By Dearl Berrier Productivity, efficiency and precision are key components of success in the oil and gas industries. Being able to implement systems and offer tools to experts and business associates ensures that a team stays connected and works effectively. An important task on the oilfield is ensuring that a team of associates is well-trained and well-equipped to manage the demands... Read More
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