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In this article, IndustryWeek profiles Zach Gosney - a millennial being lured into manufacturing for a reason no one saw coming: its cool. Bright, clean factories with high-tech tools, bright screens, lasers, and gadgets are now appealing to millennials who had all but written off the industry as a whole. The Cool Factor: The High-Tech Pull of Millennial Manufacturers By: Travis Hessman When Zack Gosney first walked into Mazaks Florence, Ky., machine tool plant back in 2011, he had no idea what he was in for. Like most of his classmates from Scott High School in Taylor Mill, Ky., Gosney hadnt intended to find himself in a factory after graduation. Hed grown up with the images of dark, dirty and dangerous manufacturing plants his whole life and had no plans to join one once he was out of school. Id never really been in a factory before, he recalls. I thought it would be dirty and hot and sweaty. I thought when I left Id look like I hadnt showered in three days. I didnt really know
Wood Mackenzie analyst urges policy makers to get out in front of the next technological progression to not delay the full benefits. New technologies could add 1.5 to 3 million barrels per day by 2030, up to 25% more oil than is currently forecasted. Wood Mackenzie: US Tight Oil Technology Could Boost Output by 25% By: Wood Mackenzie There continues to be great potential for surprises to the upside in production of U.S. tight oil according to Wood Mackenzies latest integrated analysis. Growth in U.S. tight oil continues to impress as development technology and techniques have yet to mature beyond adolescence, said Phani Gadde, Senior North America Upstream Analyst for Wood Mackenzie. To better illustrate, Gadde said additional volumes from Enhanced Oil Recovery (EOR) will come on stream after 2020, and could add 1.5 to 3 million barrels per day (mb/d) by 2030, up to 25 percent more oil than is being forecasted today. These technologies are in early test phase and not commercial
Advances in technology have enabled companies to drill deeper and more complex wells. New drilling rigs are capable of more lateral boring and more wells per pad with a smaller footprint while operating at speeds that slash the time it takes to drill these more complex wells form 13 days to 7. Technological Innovations Bring Profitable Changes to the Fayetteville Shale By: George Waldon The average drilling time for a gas well in the Fayetteville Shale formation fell from 17.5 days in 2007 to 6.2 days in 2013. The whopping efficiency gain in the Arkansas field is the product of experience-fueled know-how combined with technological innovation. There have been great advances, especially with these unconventional plays, said Marty Carley, vice president SWN Drilling Services, a subsidiary of Southwest Energy Co. of Houston. Those advances have enabled companies to drill deeper and more complex wells to tap the gas shale, too. Mixed in with the drilling improvements are new fracking
Horizontal drilling development accounted for 55% of Permain basin spending last year - a telling statistic on the future of the legacy oil play. New technology, along with high oil prices, has rejuvenated Permian and shale formations previously thought to be uneconomic are turning out to be the future of this basin. In this article, UOGR explains how new technology is increasing production, why the shift is being made to horizontal drilling, and what that means for the industry. Permian operators increasingly target shale as new technology rejuvenates legacy oil field By: UOGR The old saying the best place to find oil is in an oil field is holding true in the Permian basin. Horizontal drilling last year overtook vertical drilling in the basin as new technology and high oil prices rejuvenated the legacy oil play and independent operators like Pioneer Natural Resources Co. and Approach Resources Inc. tapped into shale formations previously considered uneconomic. The Permian is