Archive for August 15, 2013

    Using Modern Technology to Track Oil Production

    Written by admin. Posted in Oil field software, Oil production companies, Oil well production curve

    Oil drilling well

    The oil and gas industry has long been a mainstay in modern life. Is it so enduring in fact, that Titusville Pennsylvanias McClintock 1 oil well first began production all the way back in 1861 and is still going strong now.

    Currently, two and a half percent of gross domestic product worldwide is comprised of oil, and it makes for a full third of our collective primary energy supply. Each day, the United States of America alone brings in approximately 9 million barrels of oil. In the hands of an oil production company, each barrel that contains 42 gallons is capable of becoming 19.4 gallons of gasoline.

    A drilling oil well is created with a drilling rig to form a hole that is anywhere from f