6 oil & gas industry forecasts from drillinginfo that will drive changes in this highly complex industry.

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6 Oil & Gas
Industry
Forecasts

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6 Oil & Gas Industry Forecasts
Extracted from DI Expert: Working in Oil & Gas Edition
Published by Drillinginfo, Inc.
http://info.drillinginfo.com/ebooks/working-in-oil-and-gas/
Transforming the Lives of Today’s Professionals

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Forecast 1
“Transform (software) is an E&P decision-making platform that features automatic
connectivity to Drillinginfo data and your own proprietary data behind your firewall
for fast and easy analysis, visualization and interpretation of Geological,
Geophysical, Engineering and Land data. At the heart of Transform is a robust
multivariate statistical package for identifying the significant trends in your data.”
— John Fierstien, VP Product Development, Drillinginfo, Inc., “Why Oil and Gas
Software Sucks”
Software Created for Geologists by Geologists Will Transform Data Analysis

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Forecast 2
“‘This ain’t your daddy’s oil patch
anymore.’ To begin with, the Great
Crew Change – migration of older,
seasoned geoscientists into retirement
– means that new hires in oil and gas
are going to be tasked to do more, at
higher levels of responsibility, are far
greater points in their careers than has
been the norm.”
— Mark Nibbelink, Co-Founder
Drillinginfo, Inc., Director of University
Outreach, “Midland Basin Horizontal
Opportunities Go Deeper”
Industry Will Retire Outdated Views of Oil and Gas Professionals

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Forecast 3
“Along with the original hard copy of a document,
we need the person filing the instrument to provide
a digital copy of the document as well as a shape
file of the subject tract/s. By requiring this, the
metadata can then be associated with the subject
tracts on a GIS level (even if the county is not
capable of producing this type of data yet) … The
end result is that obtaining supporting documents
and tract locations and outlines will no longer take
days or weeks, but will be instantaneous. This
frees the landman to do what he does best and
use his critical thinking skills to pore over the
documents to extract out the pertinent data.”
— Silas Martin, Leading Manager, Drillinginfo, Inc.,
“The Modern Landman: How to Leverage Today’s
Technology”
New Technologies Will Be Created for the Modern Landman

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Forecast 4
“The demands of the (mud logger) job
have evolved and a unique skillset is
required to be successful on today’s
job site … The ones who refuse to
adapt will soon go the way of the
dinosaurs. Because to survive and
thrive, today’s savvy service
companies in the oil and gas industry
have to be ready for whatever changes
and challenges lie ahead. It’s time to
evolve or get out of the way.”
— Jeremy Bondick, HR Coordinator,
Stratagraph, Inc., “Four Mandatory
Skills for the Modern Mud Logger”
Traditional Mud Logger Skillset Will Evolve

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Forecast 5
“Without sand, or more generally proppant, there is no hydraulic fracturing, without
hydraulic fracturing there is no opening of tight oil and gas plays, there is no
economic advantage to horizontal drilling, there is no rise of pad drilling.”
— Eric Roach, Drillinginfo, Inc., “Proppant: The Greatest Oil Field Innovation of the
21st Century”
Sand Will be “The Greatest Driver of Oil Field Innovation and Value in the 21st
Century”

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Forecast 6
“Logs today are actually a lot more
complex for the average interpreter …
Logs that view 360 degrees of the
borehole for each depth sample taken
give an amazing view of the rocks that
the interpreter has never had before.
There are also more log types.”
— John Fierstien, VP Product
Development, Drillinginfo, Inc., “Well
Interpretation — Structural and
Stratigraphic Mapping”
Researcher Will Go Deeper to Extract Data-Driven Insights

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Learn More in Drillinginfo’s Free eBook
DI: Working in Oil & Gas Edition
http://info.drillinginfo.com/ebooks/working-in-oil-and-gas/

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