Sentences with phrase «drilling technology increases»

Not exact matches

«These specific technologies can reduce the risk of drilling problems, so they could easily save $ 100,000 to $ 200,000 per drilling project by increasing the knowledge of the geological formations,» says Colleen Kennedy, an analyst at Lux Research, a technology market research firm.

Cold Bore Technology and Xact Downhole Telemetry — two companies based in Calgary — aim to improve the drilling process by increasing the speed of the data.

Private equity sees the most opportunity in natural gas and oil, thanks to more effective technologies like hydraulic fracking and horizontal drilling and related opportunities to harness the increased supply.

Take, for example, the sharp increase in U.S. oil and natural gas production stemming, in part, from the innovations in drilling and extraction technologies.

It also intends to grow primarily through the drill bit and through an increased use of science and technology in its drilling and operational activities.

I start (and started) from the premise that the dramatic decline in crude oil prices that took place from August, 2014 ($ 96 / barrel), to March, 2015 ($ 44 / barrel), was due — on the one hand — to decreased demand, a function of slow economic growth in Asia, Europe, and elsewhere, endogenous, price - driven technological change leading to greater fuel efficiency, and policy - driven technological change that also has been leading to greater fuel efficiency, such as more stringent Corporate Average Fuel Economy (CAFE) standards in the United States; and — on the other hand — was due to increased supply, partly a function of the growth of unconventional (tight) U.S. oil production (a product of the combination of two technologies — horizontal drilling and hydraulic fracturing).

Now that the US has greatly increased sources of oil and natural gas thanks to drilling using new technology (thus obviating the need for depending on the Middle East), renewable energy advocates have fallen back on their claims that fossil fuel use must be reduced to avoid catastrophic anthropogenic global warming.

If lawmakers pursue energy policies that constrain domestic oil and natural gas production, particularly from hydraulic fracturing and horizontal drilling, they could consign future generations of Americans and millions of people around the world to a less prosperous and productive future, because those energy production technologies account for the bulk of our nation's increased energy production.

Vice President Cheney yesterday called for a substantial increase in domestic drilling for oil and other natural resources, including in environmentally sensitive areas, saying that only increased production — and not new technology — will satisfy the nation's demand for energy.

Directional drilling and hydraulic - fracturing technologies are dramatically increasing natural - gas extraction.