Coiled Tubing Drilling Offers Rising Opportunities for Oil and Gas Recovery Worldwide
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...
Economy After COVID-19
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 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...
The Pandemic’s Impact on Employer-Provided Medical Plans
As the number of COVID-19 cases continues to mount, many Americans may be considering where to go for care if they develop potential symptoms. One important — yet potentially overlooked — resource is telehealth, which may enable people to connect 24/7 with a health care provider via a digital...
Texas RRC Eschews State-Mandated Production Cuts
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 An order to implement proration prepared by Commissioner Ryan Sitton was withdrawn and never acted on, with Commissioner Sitton proclaiming, “proration is...
Mental Health: How to build emotional resilience during a pandemic
“Stay calm” — Oh dear! This phrase has been done to death, and especially in the current times, staying calm alone is not enough. So, what does it take to maintain your sanity, peace and strength of body and mind not just to survive but to THRIVE? Building emotional resilience...
A Time for Boosting Immune Health: Can Probiotics Help?
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...
Pennsylvania Governor Vetoes Environmental Bill
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...
Shale Play Update June 2020
Bakken Shale – North Dakota/MontanaThe May 15 Bakken rig count stood at 17, down from 52 in early March.During its May 11 earnings call, big Bakken pioneer Continental Resources told investors that it was cutting its May production levels by 70% due to depressed prices and low demand.Hess Corp....
Global Investment Slowdown Set to Hike Oil Prices
The COVID-19 pandemic will leave not only short-term, but also long-term, scars on the oil market. Even though the world is currently facing what is arguably the largest oil glut ever recorded, the tables will turn dramatically in coming years. The lack of activity and investments currently planned by...