6 oil & gas industry forecasts

Copyright © 2015, Drilling Info, Inc. All right reserved. All brand names and trademarks are the properties of their respective companies.

6 Oil & Gas

Industry

Forecasts

Copyright © 2015, Drilling Info, Inc. All right reserved. All brand names and trademarks are the properties of their respective companies. 2

6 Oil & Gas Industry Forecasts

Extracted from DI Expert: Working in Oil & Gas Edition

Published by Drillinginfo, Inc.

http://info.drillinginfo.com/ebooks/working-in-oil-and-gas/

Transforming the Lives of Today’s Professionals



Forecast 1

“Transform (software) is an E&P decision-making platform that features automatic connectivity to Drillinginfo data and your own proprietary data behind your firewall for fast and easy analysis, visualization and interpretation of Geological, Geophysical, Engineering and Land data. At the heart of Transform is a robust multivariate statistical package for identifying the significant trends in your data.”

— John Fierstien, VP Product Development, Drillinginfo, Inc., “Why Oil and Gas Software Sucks”

Software Created for Geologists by Geologists Will Transform Data Analysis


Forecast 2

“‘This ain’t your daddy’s oil patch anymore.’ To begin with, the Great Crew Change – migration of older, seasoned geoscientists into retirement – means that new hires in oil and gas are going to be tasked to do more, at higher levels of responsibility, are far greater points in their careers than has been the norm.”

— Mark Nibbelink, Co-Founder Drillinginfo, Inc., Director of University Outreach, “Midland Basin Horizontal Opportunities Go Deeper”

Industry Will Retire Outdated Views of Oil and Gas Professionals


Forecast 3

“Along with the original hard copy of a document,we need the person filing the instrument to providea digital copy of the document as well as a shapefile of the subject tract/s. By requiring this, themetadata can then be associated with the subjecttracts on a GIS level (even if the county is notcapable of producing this type of data yet) … Theend result is that obtaining supporting documentsand tract locations and outlines will no longer takedays or weeks, but will be instantaneous. Thisfrees the landman to do what he does best anduse his critical thinking skills to pore over thedocuments to extract out the pertinent data.”

— Silas Martin, Leading Manager, Drillinginfo, Inc.,“The Modern Landman: How to Leverage Today’sTechnology”

New Technologies Will Be Created for the Modern Landman


Forecast 4

“The demands of the (mud logger) job have evolved and a unique skillset is required to be successful on today’s job site … The ones who refuse to adapt will soon go the way of the dinosaurs. Because to survive and thrive, today’s savvy service companies in the oil and gas industry have to be ready for whatever changes and challenges lie ahead. It’s time to evolve or get out of the way.”

— Jeremy Bondick, HR Coordinator, Stratagraph, Inc., “Four Mandatory Skills for the Modern Mud Logger”

Traditional Mud Logger Skillset Will Evolve


Forecast 5

“Without sand, or more generally proppant, there is no hydraulic fracturing, without hydraulic fracturing there is no opening of tight oil and gas plays, there is no economic advantage to horizontal drilling, there is no rise of pad drilling.”

— Eric Roach, Drillinginfo, Inc., “Proppant: The Greatest Oil Field Innovation of the 21st Century”

Sand Will be “The Greatest Driver of Oil Field Innovation and Value in the 21st

Century”


Forecast 6

“Logs today are actually a lot more complex for the average interpreter … Logs that view 360 degrees of the borehole for each depth sample taken give an amazing view of the rocks that the interpreter has never had before. There are also more log types.”

— John Fierstien, VP Product Development, Drillinginfo, Inc., “Well Interpretation — Structural and Stratigraphic Mapping”

Researcher Will Go Deeper to Extract Data-Driven Insights


Learn More in Drillinginfo’s Free eBook

DI: Working in Oil & Gas Edition

