drillinginfo

Predicting Water Saturation: Applying Machine Learning to Extend Petrophysical Models

Water saturation can make or break a play, but each petrophysical model may take your team hours or days to get right. How do you quickly get hundreds of control points to map water saturation across a basin with varying temperature, clay volume, and salinity? Machine learning provides the toolkit needed Neural networks are machine learning models that were inspired by the structure of our brains, improving with more data,

Offshore Oil and Gas Exploration Ban Part of New Zealand’s ‘Carbon-Neutral Future’

New Zealand’s decision to ban future offshore oil and gas exploration has generated plenty of consternation for not only the energy industry, but the residents of New Zealand as the opposition party condemned the decision as “economic vandalism”. The future of oil and gas production in New Zealand since the government’s announcement has seen both sides of the coin, with industry commentators noting continued activity in the industry with planned

Storage Injection Small, But In-Line With Expectations

Natural gas storage inventories increased by 24 Bcf for the week ending July 20, according to the EIA’s weekly report. This injection is close to market expectations, which were an injection of 25 Bcf. The August 2018 contract was trading at $2.771 before the EIA report, in-line with yesterday’s close of $2.775. Since then, prices are trading slightly higher, with the August 2018 contract trading at $2.791 at the time

Crude Oil Withdrawal Push Prices Higher

US crude oil stocks decreased 6.1 MMBbl last week. Gasoline and distillate inventories decreased 2.3 MMBbl and 0.1 MMBbl, respectively. Yesterday afternoon, API reported a crude oil draw of 3.16 MMBbl, alongside a gasoline and distillate draws of 4.87 MMBbl and 1.32 MMBbl, respectively. Analysts, were expecting a crude oil draw of 2.3 MMBbl. The most important number to keep an eye on, total petroleum inventory levels, posted a sizable

The Week Ahead For Crude Oil, Gas and NGLs Markets – 7/23/2018

CRUDE OIL US crude oil inventories increased by 5.8 MMBbl, according to the weekly EIA report. Gasoline inventories decreased by 3.2 MMBbl, and distillates decreased 0.4 MMBbl. Total petroleum inventories showed a sizeable increase of 6.0 MMBbl. US production (according to the EIA estimate) was up 100 MBbl/d on the week, hitting 11.0 MMBbl/d for a new record. Crude oil imports were up 1.64 MMBbl/d to an average of 9.1

Injection Lower Than Expected, Prices Rise on EIA Release

Natural gas storage inventories increased by 46 Bcf for the week ending July 13, according to the EIA’s weekly report. This injection is much lower than market expectations, which were an injection of 54 Bcf. The August 2018 contract was trading at $2.72 before the EIA report, in-line with yesterday’s close of $2.72. Since then, prices have increased, with the August 2018 contract trading at $2.77 at the time of

Drillinginfo Delivers the Next Generation Tool for Real-time Risk Management

div.boxed-text { text-transform: uppercase; border: 1px solid white; color:white; width: 100%; max-width: 240px; padding: 10px; margin: 0 auto; text-align: center; } For Immediate Release Drillinginfo Delivers the Next Generation Tool for Real-time Risk Management Creates first real-time curve-building product to increase market price transparency and enable collaboration across commodity risk managers and traders Media Contact: Jon Haubert | 303.396.5996 Austin, TX (Mar. 14, 2018) – Drillinginfo, the leading energy SaaS

Best in Class for OFS: Drillinginfo Notches Another First with Voice-Activated App Commands

div.boxed-text { text-transform: uppercase; border: 1px solid white; color:white; width: 100%; max-width: 240px; padding: 10px; margin: 0 auto; text-align: center; } For Immediate Release Best in Class for OFS: Drillinginfo Notches Another First with Voice-Activated App Commands Leading SaaS energy platform focuses on mobile and next generation communications features Media Contact: Jon Haubert | 303.396.5996 Austin, TX (Mar. 6, 2018) – Drillinginfo, the leading energy SaaS and data analytics company,

Drillinginfo Delivers DailyRigCount.com, A Better Way to Track US Oil & Gas Rig Activity

div.boxed-text { text-transform: uppercase; border: 1px solid white; color:white; width: 100%; max-width: 240px; padding: 10px; margin: 0 auto; text-align: center; } For Immediate Release Drillinginfo Delivers DailyRigCount.com, A Better Way to Track US Oil & Gas Rig Activity Proprietary data, GPS tracking units, and publicly reported permit activity provide greater insight into predicting rig and market movements Media Contact: Jon Haubert | 303.396.5996 AUSTIN, Texas, Jan. 30, 2018 /PRNewswire/ —

A New Energy Roadmap with Crude Oil Back in the Driver’s Seat

div.boxed-text { text-transform: uppercase; border: 1px solid white; color:white; width: 100%; max-width: 240px; padding: 10px; margin: 0 auto; text-align: center; } For Immediate Release A New Energy Roadmap with Crude Oil Back in the Driver’s Seat Production from Permian and Anadarko basins lead US drilling rig rebound and force market to follow crude oil’s lead Media Contact: Jon Haubert | 303.396.5996 Austin, TX (Jan. 4, 2017) – In the latest