Informed Decisions

Royce Hernandez takes a look at the new era of real-time digital oilrigs

The best way for a struggling drilling industry to deal with lower crude oil and natural gas prices is to squeeze more efficiency, yields and cost savings out of production using technology. Since it costs about $20,000 a day to contract an onshore drilling rig, shaving even a few days off well yields using information and automation can deliver a make-or-break ROI...Click here to read the full article online.