Jeff Miers | Accenture
Energy companies have historically based their success on the analytical abilities of their scientists and engineers. In areas ranging from exploration and production to refinery management to downstream distribution, these companies rely upon hard data to make the right strategic decisions to support operations and make the right tactical decisions.
In The Headlines
Michael Hermann | GlobalView
Crude oil production in the United States has been increasing at an incredibly rapid rate. Through most of the 90s and 2000s, it was on the decline. But in just the last few years, it’s been going up again. Last summer saw oil production in the U.S. get up to 7.5 million barrels per day — the highest it’s been since 1991.
The implications of this are many, but one in particular stands out: whereas oil used to be transported from production areas to refineries almost entirely by pipeline, now there’s simply too much for the pipelines to be able to handle it all. So instead, more and more oil is being transported by rail. To give you an idea of just how big a shift this is: in 2008, about 9,500 carloads of crude oil were transported by rail. In 2013, that number jumped to around 400,000. And it’s still increasing.
Topic of Discussion
Are You Fueling Better? What Oil and Gas Decision-Makers Need to Know When Planning for Drill-Site Fueling
Scott Swanson | Atlas Oil Company
The upstream oil and gas lifecycle presents numerous fueling requirements that must be satisfied and challenges that must be overcome in order to ensure that operations are as efficient and profitable as possible.
Favorable market economics, combined with continuous advances in unconventional shale development, are allowing upstream operators to focus on generating maximum value from their assets. Today, improvements in operational efficiency and the strategic application of powerful new technologies have increased the rate of penetration, reduced spud time to total depth, and minimized the overall risk of failure.
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