They say necessity is the mother of invention, and no one in the oilfield understands necessity better than the operators themselves.
Today, tight oil is at the technological forefront of the oil and gas industry. Exploiting low permeability, heterogeneous rock at $50 oil makes invention and innovation a requisite not a luxury.
In fact, demand for subsurface technology progression has never been greater in the oil industry’s history than it is today. But how? Finding practical ideas that work to solve real-time shale problems at scale is not easy. Fostering the new tech is not easy. And optimizing the tech is not easy either.
In this update, we discuss the pros and cons of four primary innovation models available to today’s oil and gas producers. Focusing in on one model in particular (E&P tech carve-outs), we share the story of Reveal Energy Services as a case study of effective commercialization for new oilfield solutions.
There’s a lot more to this story…
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