Tight Capital Drives Industry Ingenuity

摘要

In response to ongoing investor demands and an uncertain commodity price environment, the industry has shifted from focusing on production growth to emphasizing profitability and delivering returns to investors. With limited capital coming in from external sources over the past year, many producers are relying like never before on producing wells to fund their operational activities. To reduce those wells' operating costs and increase their production, producers and service companies are digitizing equipment to collect more data from the field and developing artificial intelligence algorithms that automatically translate that data into meaningful recommendations. Other cloud-based systems are streamlining the tasks associated with requesting, managing and paying for field services.