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Producers employ tech innovations to keep lid on costs


  • ALBUQUERQUE, N.M. — Devon Energy Corp. manages all its oil operations in southeast New Mexico directly from a command-control center on the 44th floor of its Oklahoma City headquarters.
  • Technology like WellCon, combined with a broad array of other high-tech innovations directly in the oil fields, is helping producers like Devon streamline operations and cut costs to a minimum.
  • This next stage is now radically lowering the costs for those operations, allowing producers to continue drilling and producing despite today's low oil prices.


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Dr. Daniel FineNew MexicoTechnologyCostCostsoil productionDevon EnergyOklahomaPermian BasinPermianDelaware BasinWest Texas Delaware Basin USATexas Oil and GasDrilling ActivityDrillinggeophysicistsSociety of Exploration GeophysicistsHedgingOil pricesOil Price predictionsOPECSaudi ArabiasaudiSaudi AramcoUnited StatesDonald TrumpBusinessBusiness news

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