INNOVATIVE SOLUTIONS THAT REVOLUTIONIZE THE OIL & GAS INDUSTRY

Drones and data could dominate future oil fields

1:33 pm | September 1st, 2015

Article from FuelFix.com A pump collects data about the oil it is hauling to the surface and re-configures its operations to handle the crude more efficiently. A roughneck tripped up by a repair job logs into a mobile device from the rig and downloads a training video. Drones fly out to remote locations to inspect… Read More →

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 →