Here are some boots-on-the-ground updates from people working in oil and gas and industry leaders who are in the thick of it. From the good to the bad to the pretty fantastic, Shale Play USA captures the information and drive from energy enthusiasts for excellent industry insight.
Permian Region
Josiah Black, Distribution NOW, explains how the well site to pumps to offices, the digital transition is happening and Black sees that as a big opportunity to save money and resources.
“We’ve really kicked off our, what we call the Digital NOW platform. Mainly focused at this point on e-commerce that is allowing our customers to place their orders online and be able to do research. And in some cases, through our new platform that we just released, customers are being able to design packages completely on their own. Whereas in the past, with the historical way that business has been done you might be sitting down shoulder to shoulder with one of our personnel going over those BOMs and determining what needs to be there.”
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Rocky Mountain Region
Tom Masiero, Great American Mining, gives his reasons why he believes Bitcoin is back in the news due to spiking in value near an all-time high. Masiero reminds that there are only around 3 million Bitcoin left to mine, therefore the value could increase considerably in 2021. This is one of the reasons many oil and gas companies and operators are looking to companies like Great American Mining Company – turn flaring into Bitcoin.
“…yeah I would say most of the Bitcoin mining that’s taking place on oil and gas pads are taking place primarily in the northern hemisphere. We’re in North Dakota doing stuff, in the Colorado Wyoming area as well, they work really well.”
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Eagleford Region
Brandon Davis, CEO, Swan Energy, Inc., talks about cutting costs and introducing new technologies into the wellsites. These eventually become tools of risk management and investment returns for companies and shareholders.
“I’m all about efficiency and I think that as far as the industry goes, that’s where we always are moving. We’re trying to get more efficient, get our wells drilled cheaper, get our wells frac cheaper, use less water than we have to, but get it, use as much as we need. So, there’s this fine line and that’s— the oil and gas business constantly pushes those limits.”
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