Comment: Change Coming For The 'Upstream Exploitation Machine'

05/31/1999
Roger Anderson Columbia University New York Dave Ridyard Continuum Resources Houston The production, refining, and distribution of oil and gas are not ordinarily thought of as a manufacturing processes. However, recent years have produced a wonderful explosion of technological improvements that make the oil and gas "factory" run more efficiently. Individual exploitation improvements such as 3D and 4D seismic, full tensor gradiometry, and multilateral completions, to name a few, have driven growth in production that, until the recent price collapse, accounted for impressive earnings-growth improvements for the whole industry in the 1990s. Though ultimately charge...
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