In 2019, the Coiled Tubing Drilling (CTD) market was valued at more than $3 billion, with well intervention services accounting for more than 60% of the market in North America and Europe. In the Middle East and Africa, oil and gas companies are investing in well intervention to increase...
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...
Tom Pyle and IER: Punching Above Their Weight for Energy
When a person hears the term “think tank,” the mind naturally turns to politically-oriented entities like the Brookings Institute, the Cato Institute, Harvard University’s Kennedy Center and the Hoover Institute at Stanford. Those institutions and many others formulate policy positions...
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...
The Status Quo
We’ve all had to find a way to make the homefront a comfy haven during this time of crisis. Many of us have morphed our homes into business offices, classrooms, makeshift gyms and family reunion venues. While channeling our inner Martha Stewart, we are bombarded with pandemic...
Most people are experiencing uncharted territory during this unsettling time of industry insecurity and economic instability. Even further troubling is how these stressors catalyze havoc on our bodies. While social distancing guidelines can go a long way toward protecting us from contracting COVID-19 or any infectious disease, keeping our...
The events of the last several months have been unprecedented. A global pandemic and oil price war unfolding at precisely the same time.
Rewind to 2019. Production was at an all-time high in the United States, but signs of a weakening global economy and demand and looming downward pressure on...
The Texas Railroad Commission (RRC) met in open conference on Tuesday, May 5 and put the idea of prorating Texas crude oil production to bed for good. An order to implement proration prepared by Commissioner Ryan Sitton was withdrawn and never acted on, with Commissioner Sitton proclaiming, “proration is...
(Editor’s Note: As we went about putting this issue of SHALE Magazine together, the Texas Railroad Commission had just finished a month-long process during which it considered and rejected proposals to limit production in Texas through its power of prorationing. Because it became such a controversial issue, I felt...
The Texas Railroad Commission on April 14, 2020, had a hearing on prorationing. As of writing this article, no decision had been issued by the commission. For those who are very interested in this topic, I encourage you to go to the commissions’ website and watch the hearing and...
