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Posts Tagged ‘Oil and Gas Industry’

Minimizing Operational Risk through Information Technology

As oil and gas projects increase in complexity, it becomes more difficult for companies to manage them.  This can introduce the risk of noncompliance with regulations, going over budget, or worst of all, causing an accident.  Information technology (IT) can be used to help manage projects better, as well as make strategic decisions such as…

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The Niobrara Shale Play – the next Bakken?

The Niobrara shale formation extends across northeastern Colorado, northwestern Kansas, southwestern Nebraska and southeastern Wyoming.  The play ranges in thickness from 275-400 feet deep, with three primary carbonate-rich benches that average 10-25 feet thick with 5-10% porosity.

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Eagle Ford Shale – A Key Driver in the South Texas Economy

Discovered in 2008, the Eagle Ford Shale play is one of the largest discoveries of new oil reserves in the United States since Prudhoe Bay, Alaska in 1968, and extends over 23 South Texas counties. Its southern edge begins at Laredo and trends northeast toward Austin producing natural gas. The northern edge, a formation 50…

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Ten Factors that Affect the Price of Oil

The price of gas affects a variety of goods and services because many economic activities use oil as an energy source.  No one likes to pay higher prices, but the global oil market is more complicated than most people realize, and the price of oil is dependent upon many different factors.

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The Oil and Gas Industry: Operating in Sensitive Environments

Download Report This report from IPIECA summarizes a series of short case studies describing some of the Oil and Gas industry’s experiences operating responsibly in sensitive human and physical environments. The case studies cover company experiences across the full range of oil and gas industry activities, including operations near conservation sites, operations near sites of…

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Transitioning Veterans into the Oil and Gas Industry

Military veterans have skills and experiences that translate directly to the oil and gas industry.  Skills honed during military service, such as leadership and working to accomplish a mission make veterans an asset in the corporate civilian world, and the success of these workers has received corporate attention since the mid-1990s.  Today, about 10% of…

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The Top 10 Opportunities for Oil and Gas Companies in 2012

Successful oil and gas companies are focusing on ten opportunities within four core areas of growth: Customer Reach –  the ability to increase market share Operational agility – the ability to respond to change Cost competitiveness – the ability to achieve capital efficiency Stakeholder confidence – the ability to secure resources to meet objectives

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