Permian Basin Outgrows Pipeline Infrastructure, Construction Boom Underway but has Growing Pains
Oil production in the Permian is growing at an 800,000 barrel per day (BPD) annually. With production recently averaging 3.3 million BPD, the industry is on pace to outstrip its 3.6 million BPD of pipeline capacity in only a matter of a few months, according to an estimate by leading regional driller Pioneer Natural Resources. Chairman Scott Sheffield told Bloomberg in…
Interview: Tom Williams, President of Research Partnership to Secure Energy for America (RPSEA)
Below is an interview with RPSEA President, Tom Williams. The interview text has been left in tact, with only minor grammatical adjustments. Eric Eissler: Regarding the technology roadmap, which I really like the title, “Keeping it Going for the Long Haul – the Easy Stuff is Gone.” I have been saying that for a long time. The technology developed today…
The Neverending Story: “Fixed” vs. “Floating” Royalties in Texas
The Texas Supreme Court and our Courts of Appeals have now been struggling for years with the elusive distinction between “fixed” and “floating” royalties. In application, the difference between the two can have drastic and, depending on your position in a mineral title dispute, potentially catastrophic consequences. The case law has, by no means, been a model of clarity or…
Letter from the Publisher (September-October 2018)
There has been a huge leap in the oil and gas space to embrace software to improve productivity on the corporate side, in field locations and at production sites. Over the last few years the industry has been introduced to technology terms such as big data, machine learning, artificial intelligence and IoT or Internet of Things. Blockchain and bitcoin has…
Innovating the Industry with an Energy Start-up
Building and launching a start-up in any industry can be difficult. Building a business requires time, money/investment, experience, and connections. Nevertheless, more individuals nowadays are taking the entrepreneurial route to expand their careers. With the spread of technology, building a business in recent years has become more practical. Two young entrepreneurs, Tyler Moehlman and William Vandiver have recently developed a…
Natural Disasters Strike, but the Oil and Gas Community is Ready to Repair and Pull Through
Natural disasters have always been something everyone must think about from time to time. While it might not ever happen to you or your company, it still happens, and it is happening more and more as the Earth’s weather patterns change. In the oil and gas industry, managers must think about the possibility of natural disasters striking more often. This…
Interview with Phillip Bird, Collector, Oklahoma Oil and Gas Memorabilia
Below is an interview with Oklahoma Oil & Gas memorabilia collector Phillip Bird. The interview text has been left in tact, with only minor grammatical adjustments. Tonae’ Hamilton: What inspired you to start collecting memorabilia? Phillip Bird: I got into collecting several years ago. I had a lot of friends in Oklahoma and Texas that were in the business and…
Why Oil and Gas Companies Should Consider eDiscovery as a Standard Business Process
One unfortunate aspect of owning a business is that, from time to time, there will be a disagreement with another party — be it a client, employee, contracted partners or an outside organization — that can’t be resolved by any other means but a lawsuit. In the oil industry, issues surrounding land use factor prominently into lawsuits. For example, disputes…
Revamping the Oil Industry with Technology and the Millennials
Technology has become so prevalent in our society that it has worked its way into various industries. Industries such as retail, finance, education, and, of course, IT have all implemented technology in varying extents. One industry however, that had remained unaffected by the spread of technology for a long time, is the oil and gas industry. Until recently, the oil…
RPA Creating the Oil and Gas Workforce of the Future
The latest trend in digital transformation is leveraging RPA (Robotic Process Automation) to automate between 30 to 45 percent of manual work. There are ever increasing reports of organizations using RPA to accelerate execution of tedious, monotonous tasks in finance and accounting, human resources, recruiting, supply chain and other oil and gas functions. There is mounting evidence that organizations that…
Interview: Shoshi Kaganovsky, CEO and Richard Haun, Vice President Engineering, SensoLeak
Below is an interview with SensoLeak CEO, Shoshi Kaganovsky and Vice President Richard Haun. The interview text has been left in tact, with only minor grammatical adjustments. Tonae’ Hamilton: What inspired you to work on creating artificial intelligence for the oil and gas industry? Shoshi Kaganovsky: It began eight years ago when I developed a system for helicopter engine monitoring.…
The Evolution of Efficiency in Oil and Gas Software
As the oil and gas industry grows, the IoT (Internet of Things) gets more advanced and in turn, grows along with it. This growth is crucial and as advances are made to deliver important data to oil and gas companies, they are presented with a plethora of software companies from which to choose. Oil and gas software is so versatile…
Meridian Energy Group is well underway with its efforts to build the Davis Refinery. Davis, commonly referred to as the “Cleanest Refinery on the Planet,” was permitted as a synthetic minor source by the NDDoH (North Dakota Department of Health – Air Quality) after an extensive 18-month review. This PTC (Permit to Construct) issued by the NDDoH validated all of…
If there ever were a time in U.S. history when the phrase “elections have consequences” would be most accurate, now would be that time. The contrast between the past and current United States President could not be more different. Under President Obama, we experienced a moratorium on drilling in the Gulf of Mexico, endless regulations and negative rhetoric. Under President…
Four Reasons Oil and Gas Pipelines Fail
Since their first introduction in the late 19th century, oil and gas pipelines have gone on to become the primary transportation system for extraordinary quantities of energy products to various consumers in numerous industries. The United States alone consists of 2.6 million miles of oil and gas pipelines – all tasked with supplying approximately 65 percent of the total energy…
Are Fleet Accident Costs Hiding in Your Blind Spot?
On average, approximately 20 percent of a company’s fleet will be involved in an accident this year – each incident bringing a significant cost to your company. These expenses include direct costs such as medical bills and vehicle repairs as well as potentially significant indirect costs that may be hidden in your business’ blind spot. The financial impact is striking.…
In the fall of 1997, I was approached by a friend of mine, Vladimir, who asked if I could assist his native country the Czech Republic in getting into NATO. At the time, he told me the Czech Republic’s leaders needed to meet with key U.S. Senate leaders. The U.S. Senate would have to ratify the Czech Republic going in…
After attending this year’s summer NAPE (North American Prospect Expo) event, the common theme was “2019.” Everyone was preparing, planning and infield developing for exits in early 2019. The amount of marketed operated deals at the event (and as a collective total across all platforms) was minimal through Quarter three. Unless you have a target acquisition in mind (on or…
Earthquakes, Wind, Fire & Storms: Onshore Oil & Gas Production Operations Disaster Preparedness
The scope of this article is to assist onshore oil and gas production businesses in understanding what a “Recoverable Disaster” posture is; meaning an onshore oil and gas production site that can resume production as quickly, safely and economically as possible after a disaster. Proper “Disaster Preparedness,” as defined by FEMA (United States Department of Homeland Security/ Federal Emergency Management…
FOX THERMAL has launched a new product – the Model FT4X Thermal Mass Flow Meter – ideal for serving Oil & Gas and Industrial applications. The new FOX Model FT4X allows the user to enter a Custom Gas Composition to optimize the flow meters calibration and calculate Density and Gross Heating Value. The FT4X is a high-end flow meter, and…
With Blockchain, The Energy Industry Will Soon Become Unrecognizable
Who could have ever guessed, that when Satoshi released the white paper for the technology behind Bitcoin, known as blockchain, that it would also herald a revolution in the oil and gas industry? Writing as an early innovator at the confluence of blockchain and oil and gas — and as someone who regularly travels to the furthest reaches of the…
Texas Oil & Gas Industry Overview
FREE Download Blockchain Adoption in Oil & Gas The advent of new technologies has ushered in new opportunities in the form of greater transparency, security and mobility across the Oil & Gas value chain. Blockchain is one such technology which has immense usages across the O&G industry.
Oil and Gas Industry Energizes Multimedia Kidtrepreneur’s View on Capitalism
Otis began an entrepreneur’s journey at the age of 30 days old. Video Arts Studio was working on a new program for Discovery Channel and it just so happened they needed a one-month-old baby for the cover art and pilot program “Sheri Daniel’s Baby 101.” Although the pilot was not picked up, this opportunity became the catalyst for Otis to…
Small Energy Businesses Need Smart Technology to Compete
Quorum’s Upstream on Demand Software is Built with the Latest Cloud Capabilities for Land Management, Drilling and Completion, Budgeting, and Production Management As we emerge from a challenging economic environment, the oil and gas industry is facing short-term volatility, growing demand, and less potential supply available. In fact, the IEA (International Energy Agency), has been projecting that a supply crunch…
Feature Podcast: The Evolution of Efficiency in Oil and Gas Software
As the oil and gas industry grows, the IoT (Internet of Things) gets more advanced and in turn, grows along with it. This growth is crucial and as advances are made to deliver important data to oil and gas companies, they are presented with a plethora of software companies from which to choose. Oil and gas software is so versatile now…
