Remove Field Remove Hydraulic Fracturing Remove Transportation
article thumbnail

1/4 Century: What Was the Oil and Gas Industry Like in the Early 2000s? Part 2

Rextag

Technology Takes Hold: The introduction of hydraulic fracturing and horizontal drilling unlocked resources once deemed inaccessible, enabling recovery rates 30% higher than traditional methods. unconventional gas market, dominating the hydraulic fracturing sector. By 2005, analysts predicted the Bakken contained 4.3

Oil 52
article thumbnail

AI in Oil and Gas – A Game-Changer for Efficiency and Profitability

Aresco

AI-driven algorithms optimize transportation routes, monitor inventory levels, and predict supply chain disruptions before they occur. AI solutions can process real-time data from drilling operations, offering instant recommendations to field workers and reducing human error.

Oil 52