Improvement in data analytics is expected to push forward a second wave of technological innovation in shale oil production. “The approach … is to take petroleum engineers and pair them up with technical experts who can supply the analytic horsepower, and try to marry these two groups,” notes one expert. This marriage has led to innovations including walking rigs, advances in drill bits, and remote, real-time control of drilling and production equipment.
Graybar, a Fortune 500 company, specializes in supply chain management services and is a leading North American distributor of high-quality components, equipment and materials for a number of industries.
Through its distribution network and value-added services, including kitting and integrated solutions, Graybar is helping its customers to power and network their facilities with speed, intelligence and efficiency. By adding sophisticated logistics and project management to its operations, Graybar has become a vital link in America's supply chain.
Data-collection technologies such as sensors and telecommunications networks are among the most useful tools for oilfield operators to boost production...
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