Some of these technologies are deceptively simple, such as the Kodiak Enhanced Perforating system, a rocket-fuel powered fracking technology that enables rig owners to obtain more oil from dry shale. Other companies, like Baker Hughes, have focused on collecting huge amounts of data to identify and correct inefficiencies. New rigs still need to be built, however, and companies like WellDog Inc. and GroundMetrics Inc. have developed spectroscopy and electromagnetic technology, respectively, to help ensure that wells are dug in exactly the right spot.
Around the world, oil and gas industry specialists have been retooling their methodologies, thanks to low crude prices during the last few years. Despite the falling cost for a barrel of oil, a wide range of technology-focused firms are enjoying considerable growth as the energy sector begins seeking out cost-saving solutions that will allow for continued profits in a new economic reality. Several companies have developed innovative products and services that promise to improve existing wells and cut rig development time.
Some of these technologies are deceptively simple, such as the Kodiak Enhanced Perforating system, a rocket-fuel powered fracking technology that enables rig owners to obtain more oil from dry shale. Other companies, like Baker Hughes, have focused on collecting huge amounts of data to identify and correct inefficiencies. New rigs still need to be built, however, and companies like WellDog Inc. and GroundMetrics Inc. have developed spectroscopy and electromagnetic technology, respectively, to help ensure that wells are dug in exactly the right spot.
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Sentry Energy ProductionAs the U.S. government and its residents attempt to become less dependent on foreign oil and gas, oil and natural gas exploration and development firm Sentry Energy Production LLC seeks out reserves in the most efficient manner. Archives
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