3 Ways 3D Printing Is Changing The Oil and Natural Gas Industries
The benefits of 3D printing are being observed across various industries as this new technology works to improve processes and design. The oil and gas industry is no exception. Some reports estimate that 3D printing in oil and gas will reach $1.5 billion by 2025. But...
The Top 5 Oil Towns in Texas
When you think of oil, you think of Texas. The state is one of the largest oil producers in the nation. Since 1999, Texas has more than doubled its oil production. In 2015 alone, Texas produced 106 million barrels of oil. Thanks to this unexpected boom, the U.S. has...
An Explanation of the New Permian Discovery in the Southwest U.S.
Those familiar with the oil and gas industry are well aware of the massive discovery published by the United States Geological Survey (USGS) in November. The USGS report alluded to more than “46 billion barrels of oil, 280 trillion cubic feet of gas, and 20 billion...
What’s Next: Predictions For The Oil & Gas Industry in 2019
2018 is drawing to a close and companies everywhere are excited for a new year full of opportunities and potential. They are completing year-end analyses, revising their budgets, and preparing to make the most of whatever lies ahead. With these things in mind, oil...
Breaking Down Common Oil Terms: Part II
Welcome to the continuation of my series on common terminology used in the oil and gas industries. Last month, we focused specifically on vocabulary that is often referenced by or in front of the public. This month, let’s take a look at some terms that are typically...
Addressing Safety Concerns in the Oil & Gas Industry
The oil & gas industry has one of the most talked about reputations when it comes to safety. The products, processes, and equipment all have dangerous aspects to them when used improperly, and the ramifications of an “accident” are widespread. If we are going to...
Attracting A Younger Workforce to the Oil Sector
There is a widespread fear across the oil and gas sectors that a workforce shortage is inevitable in the (very) near future. Many claim that the younger generations, specifically millennials and centennials, possess negative attitudes that inhibit them from pursuing...
Breaking Down Common Oil Terms
The oil and gas industry can be a complex one to understand. The technical jargon alone is enough to challenge anyone not directly involved in the field. Add to that industry-specific terminology related to financing and the markets, and the entire industry seems...
The Pros and Cons of Oil Specialization
In the United States, bigger is usually seen as better. In recent years, however, the trend has transitioned to a less is more mentality...at least where the oil and gas industry is concerned. Oil specialization is rapidly growing in popularity for a wide variety of...
2018’s Most Recognizable Companies in Oil and Gas
The Oil & Gas Industry is not famous for changing players often. In fact, we tend to hear a lot of the same company names year after year. What’s interesting, however, is that these companies are constantly jockeying for the number one spot across several similar...