More and more robots are being used in the oil and gas industry
The oil and gas industry is increasingly being disrupted by an increasing IoT presence, as sensors and other devices help operators monitor the various equipment on-site at many extraction facilities and refineries. In addition to standard IoT devices like sensors, robots will increasingly play a ...Trump’s Vow To “Unleash An Energy Revolution” May Send Oil and Gas Tumbling In 2018
President Trump's vow to “unleash an energy revolution” by reversing regulations may send oil and natural gas prices tumbling in 2018, according to Bank of America Merrill Lynch. Though U.S. oil and natural gas producers could see a surge in investment under Donald Trump's numerous proposals from ...Oil and Gas Networking Website Oilpro Says It’s Shutting Down
Houston—Oilpro, a networking and social media website geared to the oil and gas industry, said Monday it is shutting down operations. Oilpro's shutdown comes eight months after its founder David Kent pleaded guilty to one count of computer fraud in US District Court, Southern District of New York ...Why — and where — oil and gas mergers are finally making a comeback
Oil and gas players are finally inking new mergers and acquisitions, after nearly two years of moribund deal activity. Deal-making hit a soft spot following the 2014 oil bust as banks tightened lending to distressed drillers and buyers and sellers remained at odds over the value of energy assets. ...Oil, Gas Exploration Spend to Fall to 12-Year Low as Prices Bite
Global spending on oil and natural gas exploration is set to fall next year to the lowest level in 12 years as the industry cuts costs and shuns more expensive areas such as the Arctic, according to Wood Mackenzie Ltd. Chevron Corp. said this week it would reduce spending on oil exploration and o ...Recommendations to Maximise Returns on Oil and Gas Investments
Calculate Estimated Expected Cash Flow Cash flow is one of the deciding factors when identifying lucrative oil and gas investments, especially when it comes to developing well sites. When calculating a project's expected cash flow, it is essential to consider relevant data regarding future costs ...Ryan Wright - FIG Tree Capital Ventures LLC
The Supporting Cast: How to Make a Horizontal Pump + Ancillary Equipment = A Pumping System
Foundation design and piping support are also part of thepump system. A properfoundation for a HOSS unit consists of thick concrete and rebar, it's not complex and not amajor cost in the total system design, but does ensure pump longevity. It'sdifficult to diagnose or control a pump system if th ...
With Russia and Saudi Arabia now locked in battle over which country can sustain their economies the longest as prices plummet, the Permian Basin in West Texas and southeast New Mexico is caught directly in the crossfire. In fact, in good part, the price war appears directly aimed at slowing prod ...San Juan Basin on verge of collapse
With natural gas prices plummeting alongside oil prices, industry leaders say producers in the San Juan Basin in northwestern New Mexico could soon be forced to shut thousands of wells. That translates into less than $1 per Mcf for producers on New Mexico's side of the basin, given the additional ...Expert Dan Fine discusses future of oil, natural gas amid low prices and the coronavirus
(Photo: Augusta Liddic/The Daily Times)AZTEC — Two tweets sent by President Donald Trump on the morning of April 2 spurred optimism for an oil industry hit hard by a flood of oil from Saudi Arabia and Russia, driving down the price. (Photo: Twitter screengrab)Fine said Russia, which has been frus ...
Oil producers in New Mexico and elsewhere are hoping for some relief this week, because the Organization of Petroleum Exporting Countries, Russia and other oil-producing nations plan to meet Thursday to discuss potential, collective cutbacks in output to reduce world oversupply and lift prices. N ...Pandemic rocks Permian Basin as wells, rigs idled and workers laid off
It wasn't long ago that some of the largest oil companies in the world were flocking to Lea and Eddy counties to boost oil production, open regional offices and add high-paying jobs that attracted workers from across the country to cities like Carlsbad and Hobbs. The good ol' days are goneBefore ...Trump promises oil, gas industry assistance a day after WTI traded negative
Natural gas prices may increase Reducing oil production may have some positive impact on the San Juan Basin. Because the Permian Basin has been producing a surplus of natural gas, and there is no way to send all the natural gas to markets, the San Juan Basin natural gas prices have reached histor ...New Mexico watching as Texas considers limits on oil production
Laws governing oil production in New Mexico stem from the Oil and Gas Act of 1935, which, among many other things, suggests the state can impose statewide caps on oil production, as well as more explicitly allowing it to cap output at specific reservoirs or “pools” of oil to “prevent waste.” If p ...
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