Advances in drilling technologies have made it possible to extract oil and gas from locations once thought played out or depleted. Hydraulic fracturing, more commonly referred to as fracking, has allowed energy companies to access oil reserves inside shale deposits to expand their opportunities in the state of Texas and other areas of the United States. Measurement-while-drilling (MWD) techniques have also had a positive impact on the profitability of these companies. The right MWD technical support is critical to the success of drilling and fracking in the modern oil industry. Here are some expert opinions on the global future and the importance of hydraulic fracking.
Fracking Has Boosted U.S. Oil Production
Since fracking became part of the equation for the oil industry in the late 1990s, oil production in the U.S. has skyrocketed. It is estimated that approximately half of the crude oil and two-thirds of the gas produced in the U.S. each year now comes from fracking activities. This dramatic increase in the amount of oil and gas available in the U.S. has ensured lower prices for consumers, an ongoing reduction in carbon emissions from U.S power plants and has bolstered the economy to a considerable degree.
Concerns Continue About the Safety of Fracking
While the U.S. Environmental Protection Agency (EPA) has made statements dating back to the Obama administration indicating that fracking is a safe method of extracting gas and oil from shale deposits, many environmental experts and consumer groups are not so sure. They cite dangers to ground water reserves and increased seismic activity as evidence that fracking could be causing serious harm to the environment. The economic benefits of increased oil production, however, are likely to continue to outweigh these concerns for the foreseeable future.
Geopolitical Issues Will Continue to Play a Significant Role
Because fracking has been so successful in increasing the oil production possible in the U.S., it has also provided an added advantage for America in the global marketplace. Most countries in the European Union have either banned fracking or simply do not engage in it for economic or environmental reasons. England is one of the few countries in which active fracking is currently taking place in sites like the Weald Basin and the Bowland shale formation. This lack of competition gives the U.S. a significant edge in the area of oil and gas production over much of the rest of the world.
Advanced MWD training can benefit exploration companies that are engaged in fracking to extract oil. Working with a company that offers MWD kits for sale or rent and training in the proper use of these tools can help oil companies work more safely and profitably. At MWD Supply, we can deliver the right solutions for companies in the oil and gas industry. Call us today at 281-664-0196 to discuss your requirements with our technical team. We look forward to the opportunity to serve you.
Advances in the way oil is extracted have made once-abandoned oilfields productive and profitable. This has led to increased opportunities for energy companies in a wider range of areas. Investing in MWD technical support can be a solid step toward achieving greater productivity in the current oil and gas exploration industry. Here are the states that hold the most oil reserves for exploration.
The Lone Star State continues its reign at the top of the oil-producing states in the U.S. with oil reserves of 10.5 billion barrels. Technologies have made it possible and profitable to extract oil from shale deposits, which has allowed Texas to more than double its oil reserves in the past two decades. Texas also has 26 refineries currently in operation and produces 1.2 billion barrels of crude oil every year. The Permian Basin is the largest oil-producing region in the state and in the entire United States.
The Bakken Formation in North Dakota is estimated to contain more than 5.7 billion barrels of oil and produces 396 million barrels of crude oil each year. With only one operating refinery, North Dakota must transport the bulk of this oil to refineries across the country. This can add considerably to the cost of producing oil from these locations. To ensure the greatest productivity, companies are investing in MWD training for crew members to streamline the extraction process to the highest possible degree.
Alaska and California
Tied for proved oil reserves at 2.9 million barrels apiece, Alaska and California are closely matched in terms of overall output and number of refineries:
- California produces 204 million barrels of crude oil each year and has 17 operating refineries within its borders.
- Alaska produces 181 million barrels of crude oil and has five operating refineries.
Experts note that both states are experiencing falling proven oil reserves and may continue to see falling production over the next decade or so.
Most industry experts attribute the rise in production from New Mexico to advanced extraction techniques that offer real help in accessing new sources of oil. With oil reserves of 1.2 billion barrels and annual crude oil production of 123 million barrels, these methods have proven profitable for energy companies in the New Mexico area.
At MWD Supply, we offer MWD kits for purchase, rental or lease-to-own transactions. We can provide the latest technologies and the most advanced tools to help your company achieve its goals in the competitive energy marketplace. Call us today at 281-664-0196 to schedule training or to receive a quote from us. The experts at MWD supply have the knowledge and advanced solutions you need to succeed in the oil and gas extraction industry.
New technologies have made it easier and more profitable to extract oil from shale deposits, allowing the Permian Basin to take its place in the ranks of the most productive oil fields in the world. Measurement-while-drilling (MWD) technologies offer practical support for companies by delivering actionable information regarding the trajectory of drilling equipment and the geological formations encountered by drilling tools in the oilfield environment. Ensuring that your staff members have the right MWD technical support can be critical to your company’s ongoing success in the oil and gas extraction industry.
Rapid Growth in the Permian Basin
The Permian Basin is the fastest-growing shale oil field in the United States. The Energy Information Administration estimates that the basin produced 3.183 million barrels of oil per day in May 2018. Currently, the leading position is held by the Ghawar field in Saudi Arabia, which is capable of producing an estimated 5.8 million barrels of oil per day. As more oil deposits are discovered in the expanding Permian basin, however, it may move up from its current fourth-place position to replace Iran, Iraq and even Saudi Arabia as the largest oil producing field in the world.
Opportunities for Energy Companies
The key to profitability in the Permian Basin is the use of advanced MWD technologies that make it easier and more practical to extract oil from shale deposits in this area. MWD training can provide your employees with the expertise and know-how needed to take on the challenges of shale oil extraction. To reduce initial costs for these new technologies, choosing a company that offers MWD rental services can help you get your feet wet in the shale oil drilling marketplace.
Advanced Technologies for Greater Profits
MWD processes offer a number of significant benefits for companies in the energy industry. The data delivered by MWD kits can help operators to avoid geological formations that could potentially damage drilling equipment. By providing real-time information on wellbore positions, the condition of the drill bit and the direction of the drill, these technologies can help your crew make the most practical and profitable decisions in the field.
The friendly and knowledgeable experts at MWD Supply can provide you with the most advanced MWD kits for purchase and rental. We also offer MWD training and MWD technical support to help your operators get up to speed on these advanced technologies and to ensure the best results for your company. Whether you need mud-pulse, gamma-ray or electronic junction MWDs for your drilling operations, we can provide you with the most practical and cost-effective solutions for your needs. Call us today at 281-664-0196 to discuss your MWD technical support requirements with us. We look forward to the opportunity to serve you.
Advances in drilling technology have changed the way oil and gas companies extract hydrocarbons. Measurement while drilling (MWD) strategies have made drilling procedures easier and more consistent. Ensuring that your company has the right MWD technical support for its ongoing operations can help you make the most profitable and practical choices in the modern oil industry.
The Future of MWD
Many industry experts point to the increasing automation of various processes throughout the business world as the blueprint for the future of MWD systems. Unmanned rigs that report back to a centralized control system will likely dominate the industry in upcoming years. These automated systems and MWD technical support will reduce the number of crew members needed in the field. Advanced MWD training will be required for control system personnel who operate these rigs remotely to ensure that they can process incoming information and adjust their approach to ensure optimal productivity in the field.
What Is MWD?
MWD began as logging-while-drilling, a practice that came into common use in the 1980s and that allowed oil technicians to derive information about the position and direction of the drill bit and the type of soil through which it is traveling. This added information can allow on-the-fly adjustments and responses that can ensure the most practical use of time and resources when extracting oil and gas from drilling sites. By incorporating MWD kits as part of the overall array of equipment used on your drilling sites, you can enjoy optimal data recovery and increased information about the geological conditions your engineers may encounter in the field.
How MWD Has Revolutionized the Oil Industry
The precision made possible by MWD technologies has allowed greater accuracy in drilling for and extracting oil and gas reserves. Before the development of MWD, oil companies were essentially drilling in the dark. As MWD kits came into wider use, however, the ability to pinpoint oil reserves and to create strategies to extract them effectively made it possible to achieve greater profitability even in sites that had previously been considered as played out and impractical for further drilling efforts.
The friendly and knowledgeable professionals at MWD Supply can provide you with MWD rental services, training and kits designed to suit your needs and your budget. By working with us to implement MWD technologies, you can ensure the highest degree of productivity in the field and the greatest return on your financial investment. MWD Supply is here to deliver the right solutions for your drilling operations, including the Pulser X programmable pulsing system. Call us today at 281-664-0196 to discuss your MWD needs with us. We look forward to the opportunity to serve you.