The oilfield has historically been a place where brawny men, and mighty machines came together to bore holes deeply into the earth to wrest stores of oil and gas from the depths. This model, which developed over many decades of exploration and production activity carried huge costs, particularly as the focus of this activity moved […]
North Dakota produces more crude oil per capita than other any large oil-producing state in the country, including nearly 10 times more than Texas. So on Friday, when the state released new oil production data for May, it hurt. Between January and May North Dakota’s crude oil production plummeted 40%, according to data released late […]
In industries where data is key to gaining competitive advantage, artificial intelligence and machine learning have become necessities. This is most definitely the case in the oil and gas industries that ebb and flow over time as market demand waxes and wanes for critical resources we’ve come to depend on. In a recent AI Today […]
