Using Modern Technology to Track Oil Production

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