We want to invest in shale oil and gas wells that operate like a casino. Why? Casinos make lots of money based on a simple concept. Players under all possible outcomes vs the House are at a disadvantage. The probability that they will lose is always greater than the probability that they will win. Casino […]
Digital Oilfield Technology
Whether exploring for oil offshore Brazil or scaling type curves in Lea County, engineers and geologists rely upon the power of analogy to estimate the productivity of a given area or engineering design choice. We use geologic and engineering similarities to group oil and gas wells, then we use an average of that group to […]
DIGITAL OILFIELD TECHNOLOGY OVERVIEW : Let’s face it, the last two to three weeks have been a complete train smash for shale operators and investors. We are price takers at the end of the day, so we as an industry are all trying to do what we always do – pick ourselves up by the bootstraps and find a way forward. I have some ideas utilizing digital oilfield applications that we can use as a foundation to stand on.
In this post, I’m going to discuss where things are at, Level set on what response vectors the shale industry has taken thus far and much more. Read the full report here.