America's 100 Most Promising Companies
Roughly 75% of rigs currently in-use have the potential for an extended lifetime through upgrades. By improving a rig's power and control systems, its drilling performance, as well as, general operation, can be increased dramatically. Anyone in the industry is likely familiar with the frustration of an old or busted rig. Like relying on a beat-up old Ford truck, trying to squeeze as much life...
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In case you have not yet heard about the recent shale boom in the Niobrara region of the country, which touches in seven different states, it is perhaps the most recent oil-related hot spot in a string of newsworthy oil endeavors in the United States. Comparatively speaking, we are not known for our abundance of oil rich areas. However, you may recall one or more recent news stories about freshly...
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Shale drilling may be the current buzz, but deepwater drilling is quietly recovering from the Macondo spill with explosive growth. As you may remember, the 2010 Macondo disaster in the Gulf of Mexico caused deepwater drilling to take a nosedive. Recent studies show that drilling is on the upswing and things are going to keep looking up in the near future. In fact, 2012 drilling levels were almost...
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The shale boom will primarily benefit democratic countries such as the United States, which has large shale reserves. Europe has been slower to adopt the processes needed to extract oil and gas from shale economically. Overview Oil shale is a sedimentary rock that contains kerogen, a mixture of organic compounds from which oil can be extracted. Hydraulic fracturing, or fracking, is the...
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In a country emerging as a large oil and gas producer, there is undoubtedly a need for energy. In the case of Argentina, there is no difference. The country’s shale plays have tremendous potential for companies to expand, businesses to start-up, and for investors to prosper. At Worldwide Power Products, as a company, we are excited to be increasing our involvement in Latin American counties...
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For those that haven’t heard the buzz about UFO sightings in the Eagle Ford Shale drilling area, it has created quite a stir among residents and alien enthusiasts alike. Personally, I find the thought of a UFO to be fun, of course that could change pretty quickly if I come face-to-face with one. From what I have heard, these sightings are difficult to tell how close or real they really...
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Admittedly, I am not a fortune-teller, but I do honestly believe that Cline Shale has the potential to create a boom-town atmosphere in the Midland region. It may be easy for just about anyone to say such a thing of an oil play, however, the Cline Shale area truly holds something special. It sits more than 9,000 feet under Cline Shale, which is, for the most part, along the eastern border of...
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