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Ace in the Hole 2015 May-June OILMAN Publisher 

Ace in the Hole

Letter from the Publisher We saw several important and positive headlines since our last issue.  WTI Crude has settled in the mid 50s – after dipping to a 52 week low of 44 and change. Crude supply numbers in Cushing calmed speculation in the oil market with a draw of more than 900,000 barrels triggering more $70/barrel year end calls... Read More
Innovation & Technology in Oil & Gas – Cable Rigs 1918 to Rotary Rigs 1928 2015 May-June Innovation & Technology OILMAN Pride 

Innovation & Technology in Oil & Gas – Cable Rigs 1918 to Rotary Rigs 1928

Replacing cable tool technology, (see below from 1918) the rotary rig was a steadily evolving technology by the beginning of the 20th century using a new drilling system including a hollow square fitting to hold the pipe, a belt-driven rotary machine, a fishtail bit, and circulating fluid to remove the cuttings. The patent for this technology was originally issued in... Read More
A Tech Shift  in Oil & Gas 2015 May-June 

A Tech Shift in Oil & Gas

Innovative technologies applied all along the oil and gas supply chain have dramatically changed the industry over the past decade, and companies have learned to turn to new techniques that make every well, every inch of pipeline, and even every employee as efficient as possible. Risks associated with lower oil prices, however, are forcing companies to work smarter to cut... Read More
Interior Department Releases Fracking Rule #OilmanNEWS 2015 May-June 

Interior Department Releases Fracking Rule

Secretary of the Interior Sally Jewell in March released final standards for hydraulic fracturing on public and American Indian lands. The standards update requirements for well-bore integrity, wastewater disposal and public disclosure of chemicals. The new rule applies only to development on public and tribal lands and includes a process so that states and tribes can request variances from provisions... Read More
Cruz, Bridenstone Introduce Energy Reform Bill #OilmanNEWS 2015 May-June 

Cruz, Bridenstone Introduce Energy Reform Bill

After the U.S. Senate in early March failed to override President Obama’s veto of legislation that would have approved TransCanada’s proposed Keystone XL Pipeline project, Sen. Ted Cruz (R-Texas) and Rep. Jim Bridenstone (R-Okla.) reintroduce a measure to approve the project as part of a sweeping energy bill, called the American Energy Renaissance Act – S. 791/H.R. 1487. The bill... Read More
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