Department: Features

Production Rates in Tight Oil Formations Still Rising

February 2016, Vol. 243, No. 2

Tight oil production in the United States increased from 2007 through April 2015, based on estimates in EIA’s Drilling Productivity Report (DPR), and accounted for more than half of total U.S. oil production in 2015. Tight oil growth has been driven by increasing initial production rates from tight wells in regions analyzed in the DPR. […]

Cliff Meidl’s Personal Mission: Your Safety

February 2016, Vol. 243, No. 2

It is near impossible to find a better representative speaking for the underground construction industry than Cliff Meidl, a kayaker whose heroic triumph over adversity brought him such acclaim that he was nominated to lead Team USA at the Opening Ceremony of the 2000 Sydney Olympic Games. Meidl is a man literally on his third […]

Mobile Inspection Forms Cut Time, Maximize Accuracy of Audits

February 2016, Vol. 243, No. 2

Recordkeeping increasingly is the linchpin for the safe, reliable construction and operation of energy pipeline systems. In both the aftermath of natural gas pipeline incidents and in the attempts to develop a more sophisticated safety culture that employs technology advances to expand preventive maintenance, accurate, up-to-date and accessible inspection records are a risk-management necessity. This […]

EIA: Gasoline to Average Less than $2 in 2016

February 2016, Vol. 243, No. 2

For the first time since 2004, U.S. drivers are expected to pay an average of less than $2 a gallon for gasoline, the government said Tuesday. They can thank the huge glut of oil around the globe. The U.S. Energy Information Administration (EIA) said in its monthly short-term energy outlook that regular gasoline will average $1.98 […]

Top 10 Cybersecurity Vulnerabilities for Oil and Gas

February 2016, Vol. 243, No. 2

With the exploitation of new cost-effective operational concepts, use of digital technologies and increased dependence on cyber structures, the oil and gas industry is exposed to new sets of vulnerabilities and threats. Cyberattacks have grown in stature and sophistication, making them more difficult to detect and defend against, and costing companies increasing sums of money […]

US Rig Count Down by 48 for Week to 571

February 2016, Vol. 243, No. 2

HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the United States declined by 48 this week to 571. The Houston firm said Friday 467 rigs sought oil and 104 explored for natural gas amid depressed energy prices. A year ago, 1,456 rigs were active. […]

Managing Risk Through Downturns

February 2016, Vol. 243, No. 2

As a small business owner all too well of the struggles to manage overhead as we all struggle through sky rocketing health care costs and taxes and inability to raise prices due to economic conditions. Whether one is managing a small business or managing wealth, the top priority should be preserving cash to ride out […]

Oil Majors Converging Here Could Mean A New Hotspot

February 2016, Vol. 243, No. 2

Even with oil at $30, the petroleum industry continues to see a few bright spots. Particularly when it comes to offshore activity — such as Shell this week announcing the first natural gas production from its ground-breaking Corrib field off the northwest coast of Ireland. And this week also saw another unexpected event in the […]

1 2 3 106