More negative news for the crude oil exploration-and-production industry in the United States this week as prices dipped again, inventories rose again, and the drilling rig count declined again. Oil prices on the New York Mercantile Exchange (NYMEX) closed at $54.91 on Wednesday down $8.76 (14 percent) from a year…
Alex Mills is the former President of the Texas Alliance of Energy Producers. The Alliance is the largest state oil and gas associations in the nation with more than 3,000 members in 305 cities and 28 states.
Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.