HOUSTON–According to the heated rhetoric of the 2020 presidential election, the incoming Biden/Harris administration will hit the oil and gas industry like some kind of extinction-level event. The good news is that, even if such a threat exists, it will almost certainly remain hopelessly mired in the political and practical impediments that have historically moderated such aggressive agendas. Instead, what will almost certainly emerge from Washington in the first 100 days of the new administration will comprise fairly predictable rollbacks and reinforced regulations; the sort of headline-grabbing and base-motivating actions that will give Biden demonstrable results without requiring unrealistic levels of consensus.
SPRING, TX.–Safety and compliance will continue to be top of mind for U.S. oil and gas producers in 2021 as scrutiny from government regulators and environmental protection organizations intensifies. The industry faces new rules and ongoing challenges, including the need to protect workers and their communities during a pandemic, the rollout of the first installment of the new “Mega Rule” pipeline safety regulations, and a significant increase in overall regulatory oversight due to the ability to readily conduct virtual audits.
AOGR presented a series of questions to J. Marshall Adkins, Raymond James & Associates Inc., and Andrew D. Weissman, EBW Analytics Group LLC.
HOUSTON–Cuttings are a valuable and cost-effective source of subsurface data from both vertical and lateral wells that is commonly overlooked in oil and gas exploration and development drilling. Advancements in analytical technologies have enhanced the data extraction from cuttings to provide key subsurface insights, in lieu of core or sidewall core data.
DENVER–Tracker Resource Development III holds a block of 26,000 contiguous acres in the southeastern Midland Basin, where it is deploying a 3-D reservoir model to develop the Wolfcamp formation using laterals often exceeding 10,000 feet in length.
TULSA–Let’s talk about the elephant in the room, or more appropriately, the elephant in the datacenter. When it comes to enterprise resource planning, the energy sector is stuck in a rut with companies falling into one of two categories: Those that still manage their business on old, broken technology and spreadsheets; and those with the resources to adhere to an ERP approach that offers broad capability, but strands them in a high-cost structure that puts their business agility in chains.