If you’re new to the oil and gas industry, there will be a ton of information to learn. Some of those things don’t seem important, or might seem foolish to ask. Some terms, like rope soap and dope have been around for so long, even your supervisor might not know where the phrase originally comes […]
The Differences Between NGL, BBL, BOE Oil Facts
BOE oil figures compared to BBL can be the difference between a profit and a loss Knowing the difference between a barrel of oil (BBL) and a barrel of oil equivalent (BOE) can be very important when looking at the reserves and production potential of a field. Imagine two identical exploration projects with exactly the […]
Smart Stacking and the Difference Between Cold and Warm Stacked Rigs
INTRO: This article covers the topic of the smart stacking of rigs in relation to an industry downturn like the one we’re still experiencing. We answer a few questions and then look at how the industry has adapted. Outside of the upstream sector, many people in the industry are unaware of the differences between the […]
What do Completion Engineers do? Job Profile and Tasks
Intro: This article is part of an ongoing O&G Education segment. We’ll not only show an overview of what completion engineers do, but feature a list of frequently asked questions on the topic. Over time, this post will be updated to contain the most accurate information. What is completions engineering? Once the well bore has […]
Fracking Vs Fracing – The End of the Debate?
A debate that has raged for a few years now… There are a number of topics in oil and gas that always seem to generate a healthy debate, and the fracking vs fracing disagreement is one of them. We’re hoping to settle the debate once and for all. On industry websites we see other versions […]
The Most Important Commodity – Time?
Here are a couple of recent quotes from high level oil and gas executives: We’ve looked at our costs very carefully, and decided that any analysis was a waste of time.” “With Oil in an expected range of $40-$60 for the foreseeable future, and our cost per barrel at $55, we’ve decided to put our […]
