A Digital Oilfield Could Mean A 2.5 Percent Boost To Production 04/18/17 •lweb.es/f2776 •bit.ly/2poddXD
The worst crude-market crash in a generation has propelled energy companies into the digital world. Now they’re using DNA sequencing to track crude molecules and mapping buried streams with imaging software. Robots are fitting pipes together. Roughnecks consult mobile apps for drilling-direction advice. Algorithms adjust the extraction flow based on computer monitoring hundreds of feet below. “You’ve had a clear shift occur where onshore North America for the first time in recent history has become a technology play.” said Tom Curran, an energy analyst at FBR Capital Markets.