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Break Down Those Functional Silos
Posted on October 30, 2015
The oil and gas industry is broad and complicated, involving multiple functions and disciplines to find, develop, produce, process, transport, market and refine oil and gas. Plus, the industry employs high technology and is constantly fluctuating and evolving. It is enough to make your head spin. Because of this complexity, there is a tendency in the industry for workers to become siloed.
Tags: Paul Parsons, Oil and Gas Training
We "Teach the Teachers" for IPAA/PESA
Posted on August, 2015
We work with the Independent Petroleum Association of America (IPAA) and the Petroleum Equipment & Services Association (PESA) to educate high school teachers about oil and gas so that they can advise and encourage students to undertake a career in the industry.
Tags: Paul Parsons, Oil and Gas Training
Oil Markets From OPEC’s Point of View
Posted on February 24, 2015
Tags: OPEC, oil markets, price
Natural Gas Processing
Posted on February 23, 2015
Natural gas processing is a dense subject that is not widely understood. We have produced an easy-to-follow animated video that describes the composition of produced gas, why it needs to be processed, how it is processed, and how the resulting residue gas and natural gas liquids ("NGLs") are used in the marketplace. The video is 8-1/2 minutes long and we think you'll find it to be time well spent. If your company is involved in gas production, gas processing, gas transportation, refining or petrochemicals.
Tags: natural gas, NGL, processing, video
A $1/Barrel Change in the Oil Price Has a Huge Impact!
Posted on February 09, 2015
Tags: oil, price
EnergyMakers Interview - Oil Prices
Posted on February 04, 2015
Tags: Paul Parsons, EnergyMakers, oil, prices, video
Low Oil Prices Will Impact Year End Reserves Reporting
Posted on January 12, 2015
Lower oil prices and reduced capital spending plans will likely have at least a moderate impact on 2014 yearend proved oil reserves for many oil and gas companies. The impact will begin so soon because: 1) the recent price decline is partially factored into the projection method that must be used to estimate 2014 yearend proved reserves, and; 2) undeveloped reserves must generally be slated for development within the next 5 years in order to be categorized as proved – and reduced or deferred drilling plans may cause some development projects to be pushed outside that window.
Tags: reserves, oil, price
Ten Important Considerations For Cost-Cutting Programs
Posted on December 17, 2014
We wrote an article about cost cutting for an oil and gas HR newsletter and we thought we would also share it on our blog. Those of you that have been in the industry for a while will recognize some of the pitfalls we mention.
Tags: list, cost-cutting
Oilfield Suppliers and Contractors Are Getting Clobbered
Posted on December 16, 2014
The stock market has been particularly harsh on industry contractors and suppliers. Is the industry outlook really that bad? Click here to learn more about this sector of the industry and how it has been impacted.
Tags: suppliers, contractors
Posted on December 11, 2014
Our Managing Director, Paul Parsons, was recently interviewed by Russ Capper of the EnergyMakers program. Keep watching past the commercial break in the middle and you'll see a cool demonstration of rock porosity and permeability.
Tags: Paul Parsons, EnergyMakers, porosity, permeability, video
Smaller Companies Take The Biggest Hit
Posted on December 09, 2014
Oil and gas company stock prices also declined significantly over that period. However, the amount of impact has varied widely, ranging from declines as little as 7.5% for ExxonMobil to declines of more than 50% for several smaller companies. There are a number of factors that influence the impact.
Tags: oil companies, oil, price
Some Insight Into The Saudi Position
Posted on December 08, 2014
Oil reserves and oil production for major producing countries. OPEC produces at a relatively low rate compared to the size of their reserves while other countries such Russia, the US, Mexico, Brazil, Norway and China produce at a relatively high rate.
Tags: Saudi Arabia, OPEC, reserves
A Look At Price Impact On Rig Count
Posted on December 06, 2014
Anyone that thinks the rig count won't be affected much by lower prices is ignoring history. Companies may be waiting to see if prices are really going to stay lower, but there will certainly be an impact if they do.
Tags: oil rig, rig count, oil, price