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…
There Is More than One Way to Practice Hydraulic Fracturing
Hydraulic fracturing is a highly practiced branch of the production discipline that is commonly used in sands with low permeability. Sometimes it is used for sand control operations and, in other cases, to increase production when it goes down. The functional principle of fracturing consists on using fluid at a higher pressure than the breaking strength of the rock, and…
50 Years Later: The Impact of Discovery
Fifty years ago, in 1969, natural gas was found in tremendous commercial volumes at the GHK Company #1 Green well, completed at a depth of 24,147 feet in the Anadarko Basin. This is approximately a mile southeast of Elk City, Oklahoma, my hometown. In those fifty years, thanks to the beginning of exploration in the Anadarko Basin, natural gas has…
Improving Oil and Gas Storage and Operations Through Innovation
The topic of oil conservation, protection, and storage has become a prevalent area of interest in the oil and gas industry. With more companies looking for ways to store oil properly and safely and avoid the ever-present risk of tank explosions, the demand for oil and gas technology and solutions has increased. As such, oil and gas software companies have…
Interview: Josh Robbins, CEO, Beachwood Marketing
Emmanuel Sullivan: When did you start Beachwood Marketing and what is the business pain point you solve? Josh Robbins: It was a side hustle from 2010 until 2014, then I “officially” opened the doors of Beachwood. Beachwood is celebrating our five-year anniversary this July. Beachwood started because I accidently uncovered a deal during my nine to five gig; discovering that…
Be Aware of the Modern Day Snake Oil
The founder and CEO of BMA Biotech, Mark Bullock is no stranger to the oil and gas industry. Both Bullock’s step-father and father-in-law have both worked in the industry for over 40-years. So, it is little wonder how a small-town boy from the United Kingdom is now living in Sugar Land, Texas and providing highly effective products and sustainable services…
Oil Markers: Useful Pricing Tools
Benchmark crude (oil marker) is the petroleum that serves as a pricing reference for other types of oil and oil-based securities. The benchmark makes it easier for traders, investors, analysts, and others to determine the prices of multitudes of grades of crude oil varieties and blends. Using benchmarks makes referencing types of oil easier for sellers and buyers. There is…
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…
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,…
Invaluable Land Knowledge Software and AI
Land management is a crucial link in the upstream management chain because the health of every exploration and production organization depends on it. Landmen must move quickly during lease-acquisition phases if they want to secure the best leases in prime exploration areas. Traditionally, this process was slow and tedious, but because of technological advances and AI, it no longer has…
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…
DevOps Provides Digital Pipelines to Cloud Benefits
According to the World Economic Forum, digital transformation could unlock approximately $1.6 trillion of value for the Oil and Gas industry, its customers and society. This value is derived from greater productivity, better system efficiency, savings from reduced resource usage, and fewer spills and emissions. Yet, the journey to these digital transformation benefits begins with a proverbial first step which…
David Sealock, CEO of Petroteq Energy spoke with OILMAN’s editor, Eric Eissler, at length about the company’s innovative oil sands extraction technique which is environmentally friendly because it does not use water in the extraction process. Crunching the Numbers When you think about the costs of buying capital equipment, there are high associated costs with it that makes many executives…
On April 16 of this year, Governor Jared Polis signed Senate Bill 181 into law after what many consider one of the most controversial pieces of legislation in oil and gas history, as it met opposition from almost every Republican in the state of Colorado and the energy industry. The law took effect immediately, and changes the Colorado Oil &…
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,…
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…
Switching from one major to another while in college can be a difficult decision and process. However, switching from a more simple industry to a complex industry, like the oil and gas industry can prove to be even more difficult. The oil and gas industry, once known for its traditionalism and alignment to few demographics, has quickly been evolving and…
