INNOVATIVE SOLUTIONS THAT REVOLUTIONIZE THE OIL & GAS INDUSTRY

PRESS RELEASE: Tulsa-based technology company, Peritus Resource Group, issued patent for mobile entity tracking and analysis system.

12:40 pm | July 21st, 2015

Tulsa, June 30th, 2015: The USPTO issued United States patent 9,070,275, covering the Mobile Entity Tracking and Analysis System. The innovative technology from Peritus, marketed as ARsite™, provides the oil & gas industry with the revolutionary ability to virtually realize 360° unbiased operational transparency in both real-time and retrospectively for analysis. This new system allows companies… Read More →

SECOND WAVE OF U.S. OIL BOOM WILL BANKRUPT OPEC

5:06 pm | July 10th, 2015

Article from Breibart. By CHRISS W. STREET 8 Jul 2015 U.S. crude oil prices have plunged by 11 percent over the last two days to a low of $50 a barrel before settling at $52. The mainstream-media blames the fall in prices on the turmoil in China and Greece, but the real driver is the outbreak of discounting… Read More →

Drillers Answer Low Oil Prices With Cost-Saving Innovations

9:50 am | May 12th, 2015

Article from nytimes.com By CLIFFORD KRAUSS MAY 11, 2015 KENEDY, Tex. — These are lean days in the South Texas oil patch, with once-bustling roads and hotels now empty as the price of oil has plungedand rig after rig sits idle. Still, production has barely declined, a testament to the rapid gains that oilproducers are making in coaxing ever more oil… Read More →

Why OPEC can’t kill the U.S. oil boom

11:30 am | March 19th, 2015

Article from money.cnn.com OPEC all but declared “mission accomplished” this week in its efforts to thwart U.S. oil production. In a report Monday, the cartel predicted the U.S. shale oil boom could be over by the end of 2015. The world has too much oil production at the moment, and it has caused crude oil… Read More →