U.S. crude oil production efficiency continues to improve
U.S. tight oil production increased in 2017, accounting for 54% of total U.S. crude oil production, in part because of the increasing productivity of new wells. Since
U.S. Energy Information Administration - EIA - Independent Statistics
U.S. crude oil production dropped slightly, by an estimated 1%, in 2021, but we expect it to increase by 6% in 2022 and 5% in 2023. We forecast that, in 2022 and 2023, crude oil prices will remain high enough to encourage growth in the number of active drilling rigs and continued improvement in drilling efficiency.
The U.S. Remained The World’s Top Oil Producer
U.S. Remains the Oil Production Champion Despite the impact the pandemic had on U.S. oil production, the U.S. remained the world's top oil producer at
Oil and gas technology: Connectivity for higher performance | McKinsey
A major production facility of a large oil and gas company operating in the North Sea gained a 2 percent increase in production without increasing emissions after it used real-time advanced analytics to improve the settings of the production facility booster, export compressor, and component splitter.
Top 9 U.S. Oil and Gas Machinery Manufacturers
2. Schlumberger Technology Corp. With Schlumberger's commitment to technological innovation, the company has enabled itself and the industry at large to
Bringing Manufacturing Back to the U.S. Is Easier Said Than Done
One of the characteristics of modern manufacturing operations is a keen focus on operational efficiency. Factory managers might track a number of key performance indicators, all of which...
Top Lubricants Manufacturers and Companies in the USA
American Industries Inc. in Lumberton, NC, is a lubricant distribution company, including sprays, synthetics, H1 food-grade, and grease. Non-melting, biodegradable,
5 tips to improve production line efficiency in 2022 | Sciemetric
Below, we share 5 tips to consider as you work to improve your production line efficiency, and product quality. 1. Start with a hard look at First Time Yield (FTY) The more stations there are on a line, the greater the need for a data-driven quality assurance process that can ensure the FTY at each station is as close as possible to 100%. For
Analysis: Lowest cost oil producers in North America
Thursday, April 16, 2020, 6 AM MDT. North Dakota’s Bakken formation, the Permian Basin and the Eagle Ford shale are home to some of North America’s
Automation, robotics, and the factory of the future | McKinsey
Building automation systems that are suitable only for a single line of products runs counter to both those aims, requiring repeated, lengthy, and expensive cycles of equipment design, procurement, and commissioning. A better approach is the use of production systems, cells, lines, and factories that can be easily modified and adapted.
