Fueling the Future: AI Revolutionizes the Oil and Gas Industry

September 25, 2023 jasonspiess 0

In an era defined by technological innovation, the oil and gas industry has embarked on a journey of transformation, harnessing the power of Artificial Intelligence (AI) to streamline operations, increase efficiency, and reduce environmental impact. From the corporate boardrooms to the remote well sites, AI is redefining the way this […]

Future Oklahoma Oil Activity Looks Promising

May 8, 2023 jasonspiess 0

According to the Oklahoma City Sentinel, there has been significant declines in natural gas prices and the downward trend of crude oil prices have taken their toll on Oklahoma’s oil and natural gas industry, however, increased industry activity is expected very soon. The most recent Oklahoma Energy Index (OEI) shows a 49.3% decline […]

Oil and Gas Records $42.6B in Business for the Bakken in 2021

March 9, 2023 jasonspiess 0

The oil and gas industry in North Dakota remains a powerhouse for the state, accounting for more than $42.6 billion in gross business volume and $3.8 billion in state and local tax revenues in 2021, according to two studies highlighted today by Governor Doug Burgum, researchers from North Dakota State University […]

Oil CEO sees $60 by year end

February 1, 2016 jasonspiess 0

In the recent episode of the MonDak OilField Review, Lynn Helms, director, North Dakota Department of Minerals, spoke of oil supply from the lease perspective. Helms said North Dakota is looking at about one year of leases, which is average for lead time.  Helms said industry tries to keep drilling […]