Oil and Gas News

Geosteering

What is Geosteering?

More traditional methods of drilling an oil or gas well involve drilling a vertical hole in the ground, straight down and through the reservoir. Jokingly referred to as “post holes,” these types of wells are easy and cheap to drill; but when you intersect the (mostly) flat rock layer at 90 degrees, the amount of exposed reservoir in your well is pretty small. With the advent of directional drilling practices, drillers were able to get creative, intersecting the reservoir layer at different angles in order to maximize exposure and production.

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oil rig count

73 Rigs Today are More Efficient Than 105 Rigs Several Years Ago?

According to RigZone, the total count of US oil rigs reached 799 which is the highest count since April 2015. Although this number has been steadily increasing for the past five weeks, the drilling industry has not seen a rig count that can compare to the peak of 2014. While the industry yearns to get back to higher rig counts, the advancement of technology has replaced the need for it.

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oil demand peak

Oil Demand Peak: Have We Seen It Yet?

The topic of oil supply and demand has always ridden a roller coaster of speculation. Lately, the discussion has shifted from peak oil supply – the idea that we have reached or are reaching the maximum level of oil production possible – to peak demand. However, most view the topic and commodity that is ‘oil’ much differently than they do the broader concept of energy.

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directional drilling

Directional Drilling – Where to Begin

Most people would assume that when drilling for water, oil, natural gas, or other subsurface objects that they are targeted vertically — drilled straight down into the earth. However, this traditional method of drilling has been largely replaced.

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