Shale oil is tight oil from deposits that were unworkable just a few decades ago. Recent technology introduced new costs to the oil extraction process. Thus, shale oil costs more than conventional oil to extract and is a higher risk investment.
In comparison to conventional wells, shale oil production costs...
COVID-19 represents a sea change for retail services that will alter the customer experience for years, perhaps decades to come. What at first appeared to be a temporary aberration is taking on a measure of permanence. Some have even resorted to reframing the popular aphorism as the new “abnormal.”
Key...
A look into the future of natural gas with excerpts from “The Future of Buildings, Transportation and Power”
In the first two decades of the 21st century, natural gas has been the primary winner in the electric generation industry. Gas should continue its success in the near-term, both in meeting...
This past April, just ahead of futures contract expirations, the price of West Texas Intermediate (WTI) crude oil did something it’s never done—it went negative, all the way down to minus $37.63 per barrel. In short, U.S. exploration and production companies overwhelmed storage facilities, which essentially reached capacity.
At the...
Managing safety is important every day, but the year 2020 has plagued the oil and gas industry with challenges. The onset of COVID-19, coupled with the record free fall of prices, left oil and gas personnel frantically searching for answers while recovering from this shocking new life. Although historical,...
Over the past few decades, fiction writers and filmmakers have amassed an impressive array of apocryphal predictions, some not unlike the current coronavirus outbreak. In “Contagion,” Oscar-winner Steven Soderbergh presciently outlined a series of events bearing resemblance to COVID-19. Though the severity of the virus in the movie exhibited...
As the digital revolution continues and boomers in the energy sector prepare to retire, the race to stay ahead of your competitors in the war for talent has never been more heated. Where recruiting top talent is already seen as a challenge, utility companies can find themselves fighting against...
Oil and Gas & COVID-19 Hit Hard
With the onset of COVID-19 and the resulting general-economic shutdown that is affecting much of the country, it is a challenging time to stay in business. But, the oil and gas industry has been hit particularly hard. In order to survive, oil and...
Blockchain in Energy
Blockchain technology is the simplest form of the public ledger and shared database that assists in identifying, tracking and tracing every transaction on the enterprise blockchain network. These transactions are recorded in the form of blocks. These blocks are added to the blockchain in a linear and...
Distillers in Texas continue to experience rapid growth, as evidenced by a recently released study by The University of Texas at San Antonio Institute for Economic Development, highlighting the economic impact on the state. For example, in 2008, only six distilleries reported production in Texas. By 2017, that number...
