|
Technology
is a Huge Driver of the
U.S. Oil and Gas Boom
In the
world of oil and natural gas,
engineers, geologists, and
drilling and production
departments tend to get the
lion's share of the credit when
good things happen, and most of
the blame when they don't.
That's fair, given the crucial
roles these groups of employees
play within the thousands of
companies that make up the U.S.
oil and gas industry.
But in
recent years, as overall
domestic production has risen at
a pace no one could have
foreseen even five years ago,
the credit has begun to shift.
These human resources remain
indispensable to the success of
any company, but the deployment
of a raft of advancing
technologies has played an
ever-advancing role over time in
enabling companies to maximize
recoveries and profits.
Advanced-intelligence
(AI), machine-learning
applications constitute one area
of technology that is obtaining
widespread use throughout the
industry. Unplanned equipment
outages and the resulting loss
of production
cost companies billions
of dollars every year. Any
technology that can help avoid
such outages can have a major,
positive impact on a company's
bottom line.
|
