Click here to read the full dibs report

When times were good and prices were at all-time highs for oil and gas, the industry was not very concerned with maximizing productivity. However, when prices fell 75% over 20 months beginning in 2014, oil and gas companies were finally forced to modernize to squeeze out profits. Many found they could use new technologies to do the work better and cheaper, with fewer people. They have invested billions of dollars on what the industry dubs “digital oil fields,” embracing artificial intelligenc...

 

To read more, sign up for a Free 30-Day Trial of MRP's research here.