May-June 2019 Archives - OILMAN Magazine
2019 May-June OILMAN Publisher 

Letter from the Publisher (May-June 2019)

Not many of us would have guessed the deal of the quarter that blasted the energy headlines last month. Chevron announced that it was acquiring Anadarko for $33 billion in cash and stock or $65 per share. The merger places Chevron in a significant position with a wide corridor of acreage in the Permian. Since the blockbuster deal was announced,… Read More
A Real user fighting a Virtual fire 2019 May-June 

Virtual Reality as a Workforce Training Solution

Virtual Reality (VR) has been the most anticipated upcoming technology for the past three years. However, in these past three years it has been slow to deliver on the large promises made. VR was expected to revolutionize the way that industry worked from training to day-to-day operations. While it has taken longer than everyone expected, that promise is now becoming… Read More
IoT in The Oil and Gas Industry 2019 May-June 

IoT in The Oil and Gas Industry

The oil and gas industry faces technical challenges unique to its business, with hundreds of thousands of onshore and offshore wells distributed over wide geographic areas and thousands of miles of pipelines requiring continuous monitoring, periodic maintenance, and constant connectivity to ensure safety and optimized performance. As new, Internet-enabled technologies emerge to help address the operating challenges in these environments,… Read More
Continuous “Hands Off” Insulation Resistance Testing of Critical Motors 2019 May-June 

Continuous “Hands Off” Insulation Resistance Testing of Critical Motors

For decades, offshore oil and gas personnel have performed insulation resistance tests with handheld megohmmeters to prevent motor and generator failures that lead to costly unplanned shutdowns, production interruptions and rewinding repairs. However, these tests only provide a snapshot of motor or generator health. In a matter of only a few days, windings and cables that are exposed to salt… Read More
In Mineral Buying Innovation Wins 2019 May-June 

In Mineral Buying Innovation Wins

Mineral buyers want to be special. Unfortunately, most know that aside from the strength of their network there isn’t a lot to differentiate one group from the next. That, of course, doesn’t stop them from trying. Nearly every mineral buyer has an obligatory website offering “fast and fair offers” telling potential sellers that they will give them more for their… Read More
Well No. 9 2019 May-June 

Implementing Artificial Gas Lift Earlier Can Improve Declining Wells

How an innovative approach regarding the optimum time to implement artificial gas lift has significantly improved production as wells decline – beginning on day one Even after the prep work is finished and product recovery has been initiated, there is still no surefire way for oilfield exploration and production companies to confidently know how much and for how long their… Read More
FutureOn®’s FieldAP™ and FieldTwin™ create new fields digitally in the cloud. FutureOn is the only digital solution provider to receive the 2019 OTC Spotlight on New Technology® Award. 2019 May-June 

Digital Twin Technology Adds a New Dimension to Offshore Projects

Offshore makes a comeback. Bloomberg reports that investors expect offshore investment in 2019 to increase for the first time in five years. The greater offshore investment has also led to higher demand for digital technology, in large part to gain greater transparency of workflow processes and data. The digital twin creates a virtual replica of the offshore field, allowing for… Read More
Technological Advances Cushion Oil Crisis 2019 May-June 

Technological Advances Cushion Oil Crisis

Marked by intensified volatility due to continuous sharp oil price fluctuations, the oil market experienced its longest and deepest slump in 2014-2016. However, following the oil production cut deal, the prices recovered for a brief time and reached an all-time high in 2019. The oil production cut deal between OPEC and allies, including Russia, coming to an end in June… Read More
New frac sand mines speed to market with natural gas-powered generators 2019 May-June 

Scale Sand Production with Modular Natural Gas Power

To continue to reduce costs, frac sand companies and oil companies have started to build their own frac sand mines in the Permian Basin, located mostly in the western part of Texas and in the southeastern part of New Mexico. While the quality of these in-basin frac sand mines is slightly lower than Wisconsin White Sand, operators cut millions from… Read More
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